Greggs (LON:GRG) Stock Price Down 12.5% – Time to Sell?

Greggs plc (LON:GRG)’s stock price was down 12.5% on Thursday . The stock traded as low as GBX 2,286 ($28.26) and last traded at GBX 2,297.96 ($28.40). Approximately 1,218,997 shares were traded during trading, an increase of 275% from the average daily volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Price Performance

The stock has a market capitalization of £2.30 billion, a P/E ratio of 1,690.96, a P/E/G ratio of 3.39 and a beta of 1.43. The firm has a fifty day moving average price of GBX 2,741.39 and a two-hundred day moving average price of GBX 2,899.72. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19.

Insider Buying and Selling at Greggs

In related news, insider Roisin Currie acquired 14 shares of the firm’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 company insiders.

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.