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

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

Greggs Price Performance

The firm has a market capitalization of £2.28 billion, a P/E ratio of 1,676.30, a PEG ratio of 3.39 and a beta of 1.43. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The business’s 50 day moving average is GBX 2,737.99 and its 200-day moving average is GBX 2,898.07.

Insider Buying and Selling at Greggs

In related news, insider Roisin Currie bought 14 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average price of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). Company 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.