Greggs (LON:GRG) Stock Price Down 9.6% – Here’s Why

Greggs plc (LON:GRG) fell 9.6% during mid-day trading on Thursday . The stock traded as low as GBX 2,334 ($28.85) and last traded at GBX 2,373.28 ($29.34). 790,874 shares changed hands during trading, an increase of 212% from the average session volume of 253,770 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Price Performance

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 firm’s 50-day moving average is GBX 2,741.39 and its 200-day moving average is GBX 2,899.72. The company has a market cap of £2.40 billion, a PE ratio of 1,767.16, a PEG ratio of 3.39 and a beta of 1.43.

Insiders Place Their Bets

In other Greggs news, insider Roisin Currie bought 14 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average price of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). Company insiders own 5.89% of the company’s stock.

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.