Greggs (LON:GRG) Sets New 1-Year Low – Here’s What Happened

Greggs plc (LON:GRG) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 2,340 ($28.57) and last traded at GBX 2,388 ($29.16), with a volume of 544154 shares traded. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Stock Performance

The firm has a market cap 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. 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 company has a 50 day moving average of GBX 2,728.08 and a 200 day moving average of GBX 2,893.76.

Insider Buying and Selling at Greggs

In related news, insider Roisin Currie bought 14 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average price of GBX 2,886 ($35.24) per share, with a total value of £404.04 ($493.33). 5.89% of the stock is currently 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.