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

Greggs plc (LON:GRG) shares fell 14.5% on Thursday . The company traded as low as GBX 2,210 ($27.19) and last traded at GBX 2,246.25 ($27.64). 1,652,230 shares were traded during mid-day trading, an increase of 316% from the average session volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.31).

Greggs Price Performance

The company’s fifty day moving average price is GBX 2,737.99 and its two-hundred day moving average price is 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 company has a market cap of £2.28 billion, a price-to-earnings ratio of 1,676.30, a PEG ratio of 3.39 and a beta of 1.43.

Insider Buying and Selling

In other Greggs news, insider Roisin Currie bought 14 shares of Greggs stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average price of GBX 2,886 ($35.51) per share, for a total transaction of £404.04 ($497.16). Company insiders own 5.89% of the company’s stock.

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.