Greggs plc (LON:GRG – Get Free Report) fell 14.5% on Thursday . The company 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 quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The company has a market cap of £2.11 billion, a P/E ratio of 1,553.73, a P/E/G ratio of 3.39 and a beta of 1.43. The business’s 50 day moving average is GBX 2,714.40 and its 200 day moving average is GBX 2,888.41.
Insider Activity
In other Greggs news, insider Roisin Currie acquired 14 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were purchased at an average price of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). Company insiders own 5.89% of the company’s stock.
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.
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