Greggs (LON:GRG) Trading Down 12.5% – What’s Next?

Greggs plc (LON:GRG)’s share price fell 12.5% on Thursday . The company traded as low as GBX 2,286 ($27.91) and last traded at GBX 2,297.96 ($28.06). 1,218,997 shares traded hands during mid-day trading, an increase of 275% from the average session volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Price Performance

The stock has a fifty day moving average of GBX 2,728.08 and a two-hundred day moving average of GBX 2,893.76. The stock has a market cap of £2.11 billion, a price-to-earnings ratio of 1,553.73, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19.

Insiders Place Their Bets

In other news, insider Roisin Currie purchased 14 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of GBX 2,886 ($35.24) per share, with a total value of £404.04 ($493.33). 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.