Greggs (LON:GRG) Trading Down 14.5% – Should You Sell?

Greggs plc (LON:GRG)’s stock price fell 14.5% during trading on Thursday . The company traded as low as GBX 2,210 ($27.19) and last traded at GBX 2,246.25 ($27.64). 1,652,230 shares changed hands during trading, an increase of 316% from the average session volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.31).

Greggs Stock Down 14.5 %

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

Insider Buying and Selling

In other Greggs news, insider Roisin Currie acquired 14 shares of Greggs stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost of GBX 2,886 ($35.51) per share, with a total value of £404.04 ($497.16). 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.