Greggs (LON:GRG) Trading Down 10.7% – Should You Sell?

Greggs plc (LON:GRG)’s share price was down 10.7% on Thursday . The stock traded as low as GBX 2,320 ($28.68) and last traded at GBX 2,346 ($29.00). Approximately 1,174,864 shares were traded during mid-day trading, an increase of 270% from the average daily volume of 317,769 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Trading Down 11.3 %

The company has a 50 day moving average of GBX 2,741.39 and a two-hundred day moving average of GBX 2,899.72. 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 stock has a market cap of £2.36 billion, a PE ratio of 1,738.31, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insiders Place Their Bets

In other news, insider Roisin Currie acquired 14 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was bought at an average cost of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). 5.89% of the stock is owned by company insiders.

Greggs Company Profile

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.