Greggs (LON:GRG) Stock Price Down 14.7% – Time to Sell?

Greggs plc (LON:GRG)’s stock price traded down 14.7% on Thursday . The company traded as low as GBX 2,222 ($27.47) and last traded at GBX 2,240 ($27.69). 100,913,172 shares traded hands during trading, an increase of 496% from the average session volume of 16,940,820 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Down 14.5 %

The company has a market capitalization of £2.28 billion, a PE ratio of 1,676.30, a PEG ratio of 3.39 and a beta of 1.43. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The company’s 50 day moving average is GBX 2,737.99 and its two-hundred day moving average is GBX 2,898.07.

Insider Buying and Selling

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 ($35.67) per share, for a total transaction of £404.04 ($499.43). 5.89% of the stock is owned by company insiders.

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.