Greggs (LON:GRG) Shares Down 14.5% – Should You Sell?

Shares of Greggs plc (LON:GRG) fell 14.5% during trading on Thursday . The stock traded as low as GBX 2,210 ($27.32) and last traded at GBX 2,246.25 ($27.77). 1,652,230 shares traded 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 ($32.46).

Greggs Price 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 fifty day moving average of GBX 2,737.99 and a 200 day moving average of GBX 2,898.07. The firm has a market capitalization of £2.28 billion, a P/E ratio of 1,676.30, a PEG ratio of 3.39 and a beta of 1.43.

Insider Transactions at Greggs

In other Greggs news, insider Roisin Currie purchased 14 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). 5.89% of the stock is currently 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.