Greggs (LON:GRG) Trading Down 14.5% – What’s Next?

Greggs plc (LON:GRG) shares fell 14.5% during mid-day trading 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 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 Price Performance

The company has a market capitalization of £2.11 billion, a P/E ratio of 1,553.73, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The firm’s 50-day moving average is GBX 2,714.40 and its 200-day moving average is GBX 2,888.41.

Insider Transactions at Greggs

In related news, insider Roisin Currie purchased 14 shares of Greggs stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average price of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). Corporate 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.