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

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

Greggs Stock Down 14.5 %

The stock’s fifty day simple moving average is GBX 2,737.99 and its two-hundred day simple moving average is GBX 2,898.07. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The company has a market capitalization of £2.28 billion, a price-to-earnings ratio of 1,676.30, a PEG ratio of 3.39 and a beta of 1.43.

Insiders Place Their Bets

In related news, insider Roisin Currie acquired 14 shares of the business’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). 5.89% of the stock is owned by 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.