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

Greggs plc (LON:GRG)’s share price was down 14.5% during mid-day trading on Thursday . The stock traded as low as GBX 2,210 ($27.32) and last traded at GBX 2,246.25 ($27.77). Approximately 1,652,230 shares were traded during trading, an increase of 316% from the average daily volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Performance

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 fifty 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 market capitalization of £2.28 billion, a P/E ratio of 1,676.30, a PEG ratio of 3.39 and a beta of 1.43.

Insider Activity at Greggs

In other Greggs news, insider Roisin Currie purchased 14 shares of the company’s stock in a transaction that occurred on 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 currently owned by 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.