Greggs plc (LON:GRG - Get Free Report) dropped 12.5% on Thursday . The stock traded as low as GBX 2,286 ($28.13) and last traded at GBX 2,297.96 ($28.28). Approximately 1,218,997 shares traded hands during trading, an increase of 275% from the average daily volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.31).
Greggs Stock Performance
The firm has a market cap of £2.28 billion, a P/E ratio of 1,676.30, a PEG ratio of 3.39 and a beta of 1.43. The company's 50-day moving average is GBX 2,737.99 and its two-hundred day moving average is GBX 2,898.07. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19.
Insiders Place Their Bets
In related news, insider Roisin Currie acquired 14 shares of the stock in a transaction on Wednesday, October 23rd. The shares were acquired at an average price of GBX 2,886 ($35.51) per share, with a total value of £404.04 ($497.16). Insiders own 5.89% of the company's stock.
About Greggs
(
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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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