Greggs (LON:GRG) Trading Down 12.5% – Should You Sell?

Greggs plc (LON:GRG) fell 12.5% during trading on Thursday . The company traded as low as GBX 2,286 ($28.26) and last traded at GBX 2,297.96 ($28.40). 1,218,997 shares changed hands during mid-day trading, an increase of 275% from the average session volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Down 12.5 %

The business’s 50-day simple moving average is GBX 2,741.39 and its 200-day simple moving average is GBX 2,899.72. The company has a market capitalization of £2.33 billion, a PE ratio of 1,714.90, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19.

Insider Buying and Selling

In other news, insider Roisin Currie bought 14 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average cost of GBX 2,886 ($35.67) per share, with a total value of £404.04 ($499.43). 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.