Greggs (LON:GRG) Trading Down 12.5% - Should You Sell?

Greggs plc (LON:GRG - Get Free Report)'s share price traded down 12.5% during mid-day trading on Thursday . The stock traded as low as GBX 2,286 ($28.13) and last traded at GBX 2,297.96 ($28.28). 1,218,997 shares traded hands during mid-day trading, an increase of 275% from the average session volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.31).

Greggs Stock Performance

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 cap of £2.28 billion, a price-to-earnings ratio of 1,676.30, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The stock has a 50-day moving average price of GBX 2,737.99 and a 200 day moving average price of GBX 2,898.07.

Insider Buying and Selling

In related news, insider Roisin Currie bought 14 shares of Greggs stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of GBX 2,886 ($35.51) per share, with a total value of £404.04 ($497.16). 5.89% of the stock is owned by company 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.