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

Shares of Greggs plc (LON:GRG) fell 14.5% during mid-day trading 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 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 ($32.31).

Greggs Stock Performance

The company has a market capitalization of £2.17 billion, a price-to-earnings ratio of 1,593.74, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. 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 stock has a 50-day simple moving average of GBX 2,728.08 and a 200-day simple moving average of GBX 2,893.76.

Insider Activity at Greggs

In other news, insider Roisin Currie bought 14 shares of Greggs 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.

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.