Greggs (LON:GRG) Shares Down 10.7% – What’s Next?

Greggs plc (LON:GRG) traded down 10.7% during trading on Thursday . The company traded as low as GBX 2,320 ($28.33) and last traded at GBX 2,346 ($28.64). 1,174,864 shares changed hands during trading, an increase of 270% from the average session volume of 317,769 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Stock Down 5.8 %

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 firm’s 50 day moving average price is GBX 2,728.08 and its two-hundred day moving average price is GBX 2,893.76. The firm 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.

Insider Buying and Selling

In other Greggs news, insider Roisin Currie bought 14 shares of the stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average price of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). 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.