Greggs (LON:GRG) Stock Price Down 14.5% – What’s Next?

Greggs plc (LON:GRG) was down 14.5% on Thursday . The company traded as low as GBX 2,210 ($27.32) and last traded at GBX 2,246.25 ($27.77). Approximately 1,652,230 shares were traded during trading, an increase of 316% from the average daily volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Down 14.5 %

The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. The firm’s fifty day moving average price is GBX 2,737.99 and its 200-day moving average price is GBX 2,898.07. The company has a market cap of £2.28 billion, a price-to-earnings ratio of 1,676.30, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insiders Place Their Bets

In other news, insider Roisin Currie acquired 14 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average cost of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). Corporate insiders own 5.89% of the company’s stock.

About Greggs

Greggs is a leading UK food-on-the-go retailer with more than 2,400 shops nationwide and approximately 32,000 employees across the business.

As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items.