Greggs (LON:GRG) Stock Price Down 12.6% – Should You Sell?

Greggs plc (LON:GRG) shares dropped 12.6% during mid-day trading on Tuesday . The stock traded as low as GBX 1,784 ($23.00) and last traded at GBX 1,819.88 ($23.46). Approximately 2,270,916 shares traded hands during trading, an increase of 87% from the average daily volume of 1,211,945 shares. The stock had previously closed at GBX 2,082 ($26.84).

Greggs Stock Down 2.4 %

The business has a 50-day moving average price of GBX 2,242.34 and a 200 day moving average price of GBX 2,670.65. 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 market capitalization of £1.79 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 150.70 ($1.94) EPS for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. On average, equities analysts expect that Greggs plc will post 142.3763386 EPS for the current fiscal year.

Insider Activity

In other news, insider Nigel Mills bought 925 shares of Greggs stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of GBX 2,149 ($27.70) per share, with a total value of £19,878.25 ($25,622.91). 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.