Greggs (LON:GRG) Trading Down 14.6% – Should You Sell?

Greggs plc (LON:GRG) shares dropped 14.6% during trading on Thursday . The stock traded as low as GBX 2,238 ($27.33) and last traded at GBX 2,241.68 ($27.37). Approximately 1,479,823 shares traded hands during trading, an increase of 301% from the average daily volume of 368,595 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Price Performance

The firm has a fifty day simple moving average of GBX 2,728.08 and a 200 day simple moving average of GBX 2,893.76. The company has a market capitalization of £2.11 billion, a PE ratio of 1,553.73, a P/E/G ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.

Insiders Place Their Bets

In related news, insider Roisin Currie bought 14 shares of the company’s stock in a transaction 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). 5.89% of the stock is currently owned by company 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.