Greggs (LON:GRG) Stock Price Down 14.5% – What’s Next?

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

Greggs Stock Performance

The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. The company has a market cap of £2.11 billion, a price-to-earnings ratio of 1,553.73, a P/E/G ratio of 3.39 and a beta of 1.43. The stock 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.

Insider Buying and Selling at Greggs

In other Greggs news, insider Roisin Currie bought 14 shares of Greggs stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). 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.