Greggs (LON:GRG) Stock Price Down 14.5% – Time to Sell?

Greggs plc (LON:GRG)’s stock price traded down 14.5% during trading on Thursday . The stock traded as low as GBX 2,210 ($27.19) and last traded at GBX 2,246.25 ($27.64). 1,652,230 shares changed hands during trading, an increase of 316% from the average session volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.31).

Greggs Price Performance

The business has a 50-day simple moving average of GBX 2,737.99 and a two-hundred day simple moving average of GBX 2,898.07. 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 stock has a market capitalization of £2.28 billion, a price-to-earnings ratio of 1,676.30, a P/E/G ratio of 3.39 and a beta of 1.43.

Insider Activity

In other Greggs news, insider Roisin Currie bought 14 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average cost of GBX 2,886 ($35.51) per share, for a total transaction of £404.04 ($497.16). 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.