Greggs (LON:GRG) Stock Price Down 12.6% – What’s Next?

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

Greggs Price 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 £1.79 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.39 and a beta of 1.43. The firm’s fifty day moving average is GBX 2,242.34 and its two-hundred day moving average is GBX 2,670.65.

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

Insiders Place Their Bets

In related news, insider Nigel Mills purchased 925 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were acquired at an average price of GBX 2,149 ($27.70) per share, for a total transaction of £19,878.25 ($25,622.91). 5.89% of the stock is currently owned by corporate insiders.

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.