Greggs (LON:GRG) Stock Price Down 12.6% – Time to Sell?

Greggs plc (LON:GRG)’s share price fell 12.6% during mid-day trading on Tuesday . The stock traded as low as GBX 1,784 ($22.67) and last traded at GBX 1,819.88 ($23.13). 2,270,916 shares changed hands during mid-day trading, an increase of 87% from the average session volume of 1,211,945 shares. The stock had previously closed at GBX 2,082 ($26.46).

Greggs Trading Down 12.4 %

The business’s 50 day moving average price is GBX 2,279.30 and its 200-day moving average price is GBX 2,688.47. The company has a market cap of £1.84 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.

Greggs (LON:GRG) last posted its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.92) earnings per share for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. On average, research analysts forecast that Greggs plc will post 142.3763386 EPS for the current year.

Insider Buying and Selling

In other news, insider Nigel Mills bought 925 shares of the stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of GBX 2,149 ($27.31) per share, with a total value of £19,878.25 ($25,261.47). 5.89% of the stock is owned by corporate 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.