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

Greggs plc (LON:GRG)’s share price traded down 14.5% during trading on Thursday . The stock traded as low as GBX 2,210 ($26.98) and last traded at GBX 2,246.25 ($27.43). 1,652,230 shares were traded during 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 firm has a fifty day moving average of GBX 2,714.40 and a two-hundred day moving average of GBX 2,888.41. The stock has a market capitalization of £2.11 billion, a P/E ratio of 1,553.73, a P/E/G 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.

Insider Buying and Selling at Greggs

In related news, insider Roisin Currie purchased 14 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average cost of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). 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.