Greggs (LON:GRG) Shares Down 14.6% – Should You Sell?

Greggs plc (LON:GRG)’s stock price was down 14.6% on Thursday . The stock traded as low as GBX 2,238 ($27.66) and last traded at GBX 2,241.68 ($27.71). Approximately 1,479,823 shares traded hands during trading, an increase of 301% from the average daily volume of 368,595 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Performance

The firm’s 50-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 market cap of £2.24 billion, a PE ratio of 1,649.25, a P/E/G ratio of 3.39 and a beta of 1.43. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19.

Insider Activity

In other news, insider Roisin Currie bought 14 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). 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.