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

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

Greggs Trading Down 14.5 %

The stock has a market capitalization of £2.28 billion, a PE ratio of 1,676.30, a P/E/G ratio of 3.39 and a beta of 1.43. 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 firm has a 50 day moving average price of GBX 2,737.99 and a 200 day moving average price of GBX 2,898.07.

Insider Activity at Greggs

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