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

Greggs plc (LON:GRG)’s stock price traded down 14.5% on Thursday . The stock 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 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 Down 5.8 %

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 stock has a market capitalization of £2.11 billion, a PE ratio of 1,553.73, a P/E/G ratio of 3.39 and a beta of 1.43. The stock’s fifty day simple moving average is GBX 2,714.40 and its 200-day simple moving average is GBX 2,888.41.

Insider Buying and Selling

In other Greggs news, insider Roisin Currie acquired 14 shares of Greggs stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average price of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). 5.89% of the stock is owned by corporate 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.