Greggs (LON:GRG) Shares Down 12.5% – Time to Sell?

Greggs plc (LON:GRG)’s share price fell 12.5% during trading on Thursday . The stock traded as low as GBX 2,286 ($27.91) and last traded at GBX 2,297.96 ($28.06). 1,218,997 shares were traded during 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 Trading Down 5.8 %

The company has a fifty day moving average of GBX 2,728.08 and a two-hundred day moving average of GBX 2,893.76. 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 capitalization of £2.11 billion, a price-to-earnings ratio of 1,553.73, a P/E/G ratio of 3.39 and a beta of 1.43.

Insiders Place Their Bets

In other news, insider Roisin Currie purchased 14 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average cost 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 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.