Greggs (LON:GRG) Shares Down 14.7% – Here’s Why

Greggs plc (LON:GRG)’s stock price traded down 14.7% during trading on Thursday . The stock traded as low as GBX 2,222 ($27.13) and last traded at GBX 2,240 ($27.35). 100,913,172 shares were traded during mid-day trading, an increase of 496% from the average session volume of 16,940,820 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Stock Performance

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 cap of £2.11 billion, a P/E ratio of 1,553.73, a P/E/G ratio of 3.39 and a beta of 1.43. The stock’s fifty day moving average price is GBX 2,728.08 and its two-hundred day moving average price is GBX 2,893.76.

Insiders Place Their Bets

In related news, insider Roisin Currie bought 14 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was purchased 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.

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.