Greggs (LON:GRG) Stock Price Down 12.5% – What’s Next?

Greggs plc (LON:GRG) traded down 12.5% during trading on Thursday . The company traded as low as GBX 2,286 ($28.26) and last traded at GBX 2,297.96 ($28.40). 1,218,997 shares changed hands during trading, an increase of 275% from the average session volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Performance

The stock has a market cap of £2.33 billion, a P/E ratio of 1,714.90, a PEG ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The company has a fifty day moving average of GBX 2,741.39 and a 200 day moving average of GBX 2,899.72.

Insider Transactions at Greggs

In other Greggs news, insider Roisin Currie acquired 14 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average price 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.