Greggs (LON:GRG) Shares Down 14.5% – Here’s Why

Greggs plc (LON:GRG) shares traded down 14.5% during trading on Thursday . The company traded as low as GBX 2,210 ($27.32) and last traded at GBX 2,246.25 ($27.77). 1,652,230 shares traded hands during mid-day trading, an increase of 316% from the average session volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Down 14.5 %

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 firm’s 50 day moving average price is GBX 2,737.99 and its two-hundred day moving average price is GBX 2,898.07. The company has a market capitalization of £2.28 billion, a price-to-earnings ratio of 1,676.30, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insider Buying and Selling at Greggs

In related news, insider Roisin Currie bought 14 shares of Greggs stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average price of GBX 2,886 ($35.67) per share, with a total value of £404.04 ($499.43). Corporate 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.