Greggs (LON:GRG) Trading Down 12.5% – Time to Sell?

Greggs plc (LON:GRG)’s stock price fell 12.5% during mid-day trading on Thursday . The stock 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 Price Performance

The firm has a 50 day moving average of GBX 2,741.39 and a 200-day moving average of GBX 2,899.72. 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 company has a market cap of £2.30 billion, a P/E ratio of 1,690.96, a P/E/G ratio of 3.39 and a beta of 1.43.

Insider Buying and Selling

In other Greggs news, insider Roisin Currie acquired 14 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average cost of GBX 2,886 ($35.67) per share, with a total value of £404.04 ($499.43). 5.89% of the stock is owned by company insiders.

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.