Greggs (LON:GRG) Sets New 52-Week Low – Here’s What Happened

Greggs plc (LON:GRG) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 1,900 ($24.15) and last traded at GBX 1,908.87 ($24.26), with a volume of 1585028 shares traded. The stock had previously closed at GBX 2,082 ($26.46).

Greggs Price Performance

The stock has a market cap of £1.84 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The business has a 50-day simple moving average of GBX 2,279.30 and a 200 day simple moving average of GBX 2,688.47. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19.

Greggs (LON:GRG) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 150.70 ($1.92) EPS for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. On average, analysts forecast that Greggs plc will post 142.3763386 earnings per share for the current year.

Insider Activity

In other Greggs news, insider Nigel Mills bought 925 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of GBX 2,149 ($27.31) per share, for a total transaction of £19,878.25 ($25,261.47). 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.