Greggs (LON:GRG) Stock Price Down 14.7% – Here’s What Happened

Greggs plc (LON:GRG)’s share price traded down 14.7% on Thursday . The stock traded as low as GBX 2,222 ($27.47) and last traded at GBX 2,240 ($27.69). 100,913,172 shares were traded during trading, an increase of 496% from the average session volume of 16,940,820 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Trading Down 14.5 %

The firm has a 50-day simple moving average of GBX 2,737.99 and a 200-day simple moving average of GBX 2,898.07. 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 stock has a market cap of £2.28 billion, a PE ratio of 1,676.30, a P/E/G ratio of 3.39 and a beta of 1.43.

Insider Transactions at Greggs

In related news, insider Roisin Currie acquired 14 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average price of GBX 2,886 ($35.67) per share, with a total value of £404.04 ($499.43). 5.89% of the stock is currently owned by 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.