Greggs (LON:GRG) Trading Down 14.5% – What’s Next?

Shares of Greggs plc (LON:GRG) traded down 14.5% during mid-day 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 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 Performance

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

Insider Activity

In other Greggs news, insider Roisin Currie purchased 14 shares of Greggs stock in a transaction that occurred on Wednesday, October 23rd. The stock was 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.