Greggs (LON:GRG) Stock Price Down 14.5% – What’s Next?

Greggs plc (LON:GRG)’s stock price traded down 14.5% during mid-day trading on Thursday . The company traded as low as GBX 2,210 ($26.98) and last traded at GBX 2,246.25 ($27.43). 1,652,230 shares changed hands during mid-day trading, an increase of 316% from the average session volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Stock Performance

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 50 day simple moving average of GBX 2,714.40 and a 200-day simple moving average of GBX 2,888.41. The stock has a market capitalization 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 Buying and Selling

In related news, insider Roisin Currie purchased 14 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average cost of GBX 2,886 ($35.24) per share, with a total value of £404.04 ($493.33). 5.89% of the stock is currently owned by 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.