Greggs (LON:GRG) Trading Down 14.5% – Time to Sell?

Greggs plc (LON:GRG)’s stock price fell 14.5% on Friday . The stock traded as low as GBX 2,210 ($27.19) and last traded at GBX 2,246.25 ($27.64). 1,652,230 shares traded hands during mid-day trading, an increase of 316% from the average session volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.31).

Greggs Stock Down 3.4 %

The business’s 50 day moving average is GBX 2,728.08 and its 200-day moving average is GBX 2,893.76. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The company has a market cap of £2.17 billion, a PE ratio of 1,593.74, a P/E/G ratio of 3.39 and a beta of 1.43.

Insider Activity at Greggs

In related news, insider Roisin Currie acquired 14 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were bought at an average price of GBX 2,886 ($35.51) per share, with a total value of £404.04 ($497.16). 5.89% of the stock is currently owned by corporate insiders.

Greggs Company Profile

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.