Greggs (LON:GRG) Stock Price Down 14.7% - What's Next?

Greggs plc (LON:GRG - Get Free Report)'s stock price dropped 14.7% during trading on Thursday . The stock traded as low as GBX 2,222 ($27.34) and last traded at GBX 2,240 ($27.56). Approximately 100,913,172 shares were traded during trading, an increase of 496% from the average daily volume of 16,940,820 shares. The stock had previously closed at GBX 2,626 ($32.31).

Greggs Price Performance

The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. The stock has a market capitalization 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 company's 50 day moving average is GBX 2,737.99 and its 200 day moving average is GBX 2,898.07.

Insider Transactions at Greggs

In other Greggs news, insider Roisin Currie acquired 14 shares of the stock in a transaction 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). 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.