Greggs (LON:GRG) Trading Down 10.1% – What’s Next?

Greggs plc (LON:GRG)’s stock price fell 10.1% during mid-day trading on Thursday . The stock traded as low as GBX 2,334 ($28.50) and last traded at GBX 2,362 ($28.84). 838,674 shares were traded during mid-day trading, an increase of 220% from the average session volume of 261,737 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Price Performance

The business has a fifty day moving average price of GBX 2,728.08 and a 200 day moving average price of GBX 2,893.76. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The company has a market capitalization of £2.11 billion, a price-to-earnings ratio of 1,553.73, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insider Buying and Selling at Greggs

In related news, insider Roisin Currie purchased 14 shares of Greggs stock in a transaction dated 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). 5.89% of the stock is owned by corporate insiders.

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.