Greggs (LON:GRG) Trading Down 12.5% – Here’s What Happened

by · The Markets Daily

Greggs plc (LON:GRG – Get Free Report)’s share price dropped 12.5% on Thursday . The company traded as low as GBX 2,286 ($28.26) and last traded at GBX 2,297.96 ($28.40). Approximately 1,218,997 shares were traded during trading, an increase of 275% from the average daily volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Down 13.7 %

The company’s fifty day moving average is GBX 2,741.39 and its 200-day moving average is GBX 2,899.72. The company has a market cap of £2.30 billion, a PE ratio of 1,690.96, a PEG ratio of 3.39 and a beta of 1.43. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19.

Insiders Place Their Bets

In related news, insider Roisin Currie bought 14 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average cost of GBX 2,886 ($35.67) per share, with a total value of £404.04 ($499.43). Insiders own 5.89% of the company’s stock.

About Greggs

(Get Free Report)

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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