Greggs (LON:GRG) Stock Price Down 9.6% – What’s Next?

Shares of Greggs plc (LON:GRG) traded down 9.6% during mid-day trading on Thursday . The company traded as low as GBX 2,334 ($28.50) and last traded at GBX 2,373.28 ($28.98). Approximately 790,874 shares changed hands during trading, an increase of 212% from the average daily volume of 253,770 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Price Performance

The stock has a 50-day moving average price of GBX 2,728.08 and a two-hundred day moving average price of GBX 2,893.76. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. The stock has a market cap of £2.11 billion, a price-to-earnings ratio of 1,553.73, a PEG 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 shares were purchased at an average cost of GBX 2,886 ($35.24) per share, with a total value of £404.04 ($493.33). 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.