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

Greggs plc (LON:GRG) shares traded down 14.5% during mid-day trading on Thursday . The stock 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 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 ($32.06).

Greggs Trading 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 business’s 50-day simple moving average is GBX 2,728.08 and its two-hundred day simple moving average is GBX 2,893.76. The firm has a market capitalization 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

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 bought 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 corporate insiders.

Greggs Company Profile

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.