Shares of Greggs plc (LON:GRG - Get Free Report) dropped 9.6% during trading on Thursday . The stock traded as low as GBX 2,334 ($28.72) and last traded at GBX 2,373.28 ($29.20). Approximately 790,874 shares changed hands during trading, an increase of 212% from the average daily volume of 253,770 shares. The stock had previously closed at GBX 2,626 ($32.31).
Greggs Stock 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 firm has a market capitalization of £2.28 billion, a P/E ratio of 1,676.30, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The business's 50 day simple moving average is GBX 2,737.99 and its two-hundred day simple moving average is GBX 2,898.07.
Insider Activity
In related news, insider Roisin Currie bought 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, for a total transaction 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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