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

Greggs plc (LON:GRG - Get Free Report) shares were down 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 Price Performance

The firm has a market cap of £2.28 billion, a P/E ratio of 1,676.30, a P/E/G 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. The business's 50 day moving average is GBX 2,737.99 and its two-hundred day moving average is GBX 2,898.07.

Insider Transactions at Greggs

In related news, insider Roisin Currie bought 14 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average price of GBX 2,886 ($35.51) per share, for a total transaction of £404.04 ($497.16). Corporate 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.