Greggs (LON:GRG) Sets New 52-Week Low – Should You Sell?

Shares of Greggs plc (LON:GRG) hit a new 52-week low on Thursday . The stock traded as low as GBX 2,340 ($28.92) and last traded at GBX 2,388 ($29.52), with a volume of 544154 shares changing hands. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Trading Down 9.8 %

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 has a 50-day moving average of GBX 2,741.39 and a 200-day moving average of GBX 2,899.72. The firm has a market capitalization of £2.40 billion, a P/E ratio of 1,768.12, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insider Transactions at Greggs

In other news, insider Roisin Currie acquired 14 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average cost of GBX 2,886 ($35.67) per share, with a total value of £404.04 ($499.43). Company 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.