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

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

Greggs Trading Down 14.5 %

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 capitalization of £2.28 billion, a PE ratio of 1,676.30, a PEG ratio of 3.39 and a beta of 1.43. The business’s 50-day moving average is GBX 2,737.99 and its two-hundred day moving average is GBX 2,898.07.

Insider Activity

In other Greggs news, insider Roisin Currie bought 14 shares of Greggs stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average cost of GBX 2,886 ($35.51) per share, with a total value 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.