Greggs (LON:GRG) Stock Price Down 12.5% – Should You Sell?

Greggs plc (LON:GRG)’s stock price fell 12.5% during mid-day trading on Thursday . The company traded as low as GBX 2,286 ($28.26) and last traded at GBX 2,297.96 ($28.40). 1,218,997 shares changed hands during trading, an increase of 275% from the average session volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Down 12.5 %

The company has a market capitalization of £2.33 billion, a PE ratio of 1,714.90, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company’s fifty day moving average is GBX 2,741.39 and its 200-day moving average is GBX 2,899.72. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.

Insider Transactions at Greggs

In other news, insider Roisin Currie acquired 14 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average price of GBX 2,886 ($35.67) per share, for a total transaction 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.