Greggs (LON:GRG) Trading Down 14.5% – Here’s Why

Greggs plc (LON:GRG)’s stock price traded down 14.5% during mid-day trading on Thursday . The stock traded as low as GBX 2,210 ($27.19) and last traded at GBX 2,246.25 ($27.64). 1,652,230 shares were traded during trading, an increase of 316% from the average session volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.31).

Greggs Trading Down 14.5 %

The business has a 50-day moving average of GBX 2,737.99 and a 200-day moving average of GBX 2,898.07. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The stock has a market cap of £2.28 billion, a price-to-earnings ratio of 1,676.30, a PEG ratio of 3.39 and a beta of 1.43.

Insider Activity

In other Greggs news, insider Roisin Currie acquired 14 shares of Greggs stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average price of GBX 2,886 ($35.51) per share, with a total value of £404.04 ($497.16). 5.89% of the stock is owned by corporate insiders.

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.