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

by · The Cerbat Gem

Shares of Greggs plc (LON:GRG – Get Free Report) traded down 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 traded 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 Performance

The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. The firm’s fifty day moving average price is GBX 2,714.40 and its 200-day moving average price is GBX 2,888.41. The firm has a market cap of £2.11 billion, a price-to-earnings ratio of 1,553.73, a PEG ratio of 3.39 and a beta of 1.43.

Insider Buying and Selling at Greggs

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 currently owned by company insiders.

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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