Greggs (LON:GRG) Stock Price Down 9.6% – Here’s What Happened

Greggs plc (LON:GRG) shares were down 9.6% during trading on Thursday . The stock traded as low as GBX 2,334 ($28.50) and last traded at GBX 2,373.28 ($28.98). Approximately 790,874 shares were traded during mid-day trading, an increase of 212% from the average daily volume of 253,770 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Price Performance

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 firm has a market capitalization of £2.11 billion, a PE ratio of 1,553.73, a PEG ratio of 3.39 and a beta of 1.43. The stock has a 50-day moving average price of GBX 2,728.08 and a 200 day moving average price of GBX 2,893.76.

Insider Buying and Selling

In other news, insider Roisin Currie acquired 14 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was 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 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.