Greggs (LON:GRG) Stock Price Down 14.5% – Should You Sell?

Shares of Greggs plc (LON:GRG) dropped 14.5% during mid-day trading on Thursday . The stock traded as low as GBX 2,210 ($26.98) and last traded at GBX 2,246.25 ($27.43). Approximately 1,652,230 shares traded hands during trading, an increase of 316% from the average daily volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Price Performance

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

Insiders Place Their Bets

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