Greggs (LON:GRG) Trading Down 14.5% – Here’s Why

Greggs plc (LON:GRG)’s stock price fell 14.5% during mid-day trading on Thursday . The stock traded as low as GBX 2,210 ($27.32) and last traded at GBX 2,246.25 ($27.77). 1,652,230 shares were traded during trading, an increase of 316% from the average session volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Price Performance

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 stock’s 50-day moving average price is GBX 2,737.99 and its 200 day moving average price is GBX 2,898.07. The firm has a market cap of £2.28 billion, a price-to-earnings ratio of 1,676.30, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insider Buying and Selling at Greggs

In other Greggs news, insider Roisin Currie purchased 14 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average price of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). 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.