Greggs (LON:GRG) Trading Down 13.5% – Time to Sell?

Greggs plc (LON:GRG)’s stock price traded down 13.5% during mid-day trading on Tuesday . The company traded as low as GBX 1,779 ($22.61) and last traded at GBX 1,800.83 ($22.89). 2,251,119 shares were traded during mid-day trading, an increase of 86% from the average session volume of 1,211,495 shares. The stock had previously closed at GBX 2,082 ($26.46).

Greggs Price Performance

The stock has a market cap of £1.84 billion, a P/E ratio of 13.53, a P/E/G ratio of 3.39 and a beta of 1.43. The business has a 50 day simple moving average of GBX 2,279.30 and a 200-day simple moving average of GBX 2,688.47. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.

Greggs (LON:GRG) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.92) earnings per share for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. On average, sell-side analysts forecast that Greggs plc will post 142.3763386 EPS for the current year.

Insider Activity

In other news, insider Nigel Mills bought 925 shares of the stock in a transaction on Friday, January 10th. The shares were purchased at an average cost of GBX 2,149 ($27.31) per share, for a total transaction of £19,878.25 ($25,261.47). Insiders own 5.89% of the company’s stock.

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.