Greggs plc (LON:GRG - Get Free Report)'s stock price dropped 14.6% during mid-day trading on Thursday . The company traded as low as GBX 2,238 ($27.54) and last traded at GBX 2,241.68 ($27.58). Approximately 1,479,823 shares changed hands during mid-day trading, an increase of 301% from the average daily volume of 368,595 shares. The stock had previously closed at GBX 2,626 ($32.31).
Greggs Stock Performance
The business's fifty day moving average is GBX 2,737.99 and its two-hundred day moving average is GBX 2,898.07. The stock has a market capitalization of £2.28 billion, a PE ratio of 1,676.30, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19.
Insiders Place Their Bets
In other news, insider Roisin Currie acquired 14 shares of Greggs stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average cost of GBX 2,886 ($35.51) per share, with a total value of £404.04 ($497.16). Corporate insiders own 5.89% of the company's stock.
Greggs Company Profile
(
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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.
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