Greggs (LON:GRG) Shares Down 14.5% – Should You Sell?

Greggs plc (LON:GRG) fell 14.5% during trading on Thursday . The company traded as low as GBX 2,210 ($26.98) and last traded at GBX 2,246.25 ($27.43). 1,652,230 shares were traded 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 ($32.06).

Greggs Stock Down 5.8 %

The firm has a market capitalization of £2.11 billion, a price-to-earnings ratio of 1,553.73, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The business has a 50 day moving average of GBX 2,714.40 and a 200 day moving average of GBX 2,888.41. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88.

Insider Activity

In other Greggs news, insider Roisin Currie bought 14 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average price of GBX 2,886 ($35.24) per share, with a total value of £404.04 ($493.33). Corporate insiders own 5.89% of the company’s stock.

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.