Greggs (LON:GRG) Stock Price Down 12.5% – Time to Sell?

Greggs plc (LON:GRG)’s stock price traded down 12.5% on Thursday . The stock traded as low as GBX 2,286 ($27.91) and last traded at GBX 2,297.96 ($28.06). 1,218,997 shares traded 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 ($32.06).

Greggs Trading Down 5.8 %

The firm has a market capitalization of £2.11 billion, a P/E ratio of 1,553.73, a PEG 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 business has a 50-day moving average price of GBX 2,728.08 and a 200-day moving average price of GBX 2,893.76.

Insider Activity

In other news, insider Roisin Currie bought 14 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average price of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). 5.89% of the stock is owned by company 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.