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

Shares of Greggs plc (LON:GRG) fell 12.5% during mid-day trading 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 changed 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 Stock Down 5.8 %

The company has a 50 day moving average of GBX 2,728.08 and a 200-day moving average of GBX 2,893.76. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The company has a market cap of £2.11 billion, a P/E ratio of 1,553.73, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insider Activity

In related news, insider Roisin Currie acquired 14 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average cost of GBX 2,886 ($35.24) per share, with a total value of £404.04 ($493.33). Corporate 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.