Greggs (LON:GRG) Stock Price Down 14.5% – Here’s Why

Greggs plc (LON:GRG) traded down 14.5% 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 changed hands 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 Stock Down 5.8 %

The company has a market cap of £2.11 billion, a PE ratio of 1,553.73, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a fifty day moving average of GBX 2,728.08 and a two-hundred day moving average of GBX 2,893.76. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.

Insider Buying and Selling at Greggs

In related news, insider Roisin Currie acquired 14 shares of the stock in a transaction on Wednesday, October 23rd. The stock was bought at an average cost of GBX 2,886 ($35.24) per share, with a total value of £404.04 ($493.33). Company 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.