Greggs (LON:GRG) Trading Down 12.6% – What’s Next?

Shares of Greggs plc (LON:GRG) traded down 12.6% on Tuesday . The company traded as low as GBX 1,784 ($22.67) and last traded at GBX 1,819.88 ($23.13). 2,270,916 shares were traded during trading, an increase of 87% from the average session volume of 1,211,945 shares. The stock had previously closed at GBX 2,082 ($26.46).

Greggs Trading Down 12.4 %

The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. The stock has a market cap of £1.84 billion, a P/E ratio of 13.53, a P/E/G ratio of 3.39 and a beta of 1.43. The company has a 50-day simple moving average of GBX 2,279.30 and a 200-day simple moving average of GBX 2,688.47.

Greggs (LON:GRG) last announced its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.92) earnings per share for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. On average, sell-side analysts forecast that Greggs plc will post 142.3763386 EPS for the current fiscal year.

Insider Buying and Selling at Greggs

In other news, insider Nigel Mills acquired 925 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were purchased at an average cost of GBX 2,149 ($27.31) per share, for a total transaction of £19,878.25 ($25,261.47). 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.