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

Greggs plc (LON:GRG)’s share price was down 14.5% on Thursday . The company traded as low as GBX 2,210 ($26.98) and last traded at GBX 2,246.25 ($27.43). Approximately 1,652,230 shares were traded during trading, an increase of 316% from the average daily volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Stock Down 5.8 %

The firm has a market cap of £2.11 billion, a PE ratio of 1,553.73, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The business has a 50-day moving average price of GBX 2,714.40 and a two-hundred day moving average price of GBX 2,888.41. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19.

Insiders Place Their Bets

In related news, insider Roisin Currie acquired 14 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average cost of GBX 2,886 ($35.24) per share, with a total value of £404.04 ($493.33). 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.