Greggs plc (LON:GRG - Get Free Report) dropped 10.7% on Thursday . The company traded as low as GBX 2,320 ($28.55) and last traded at GBX 2,346 ($28.87). Approximately 1,174,864 shares traded hands during trading, an increase of 270% from the average daily volume of 317,769 shares. The stock had previously closed at GBX 2,626 ($32.31).
Greggs Price Performance
The company has a 50-day moving average of GBX 2,737.99 and a 200-day moving average of GBX 2,898.07. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. The firm 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.
Insider Activity
In other Greggs news, insider Roisin Currie purchased 14 shares of the stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost 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
(
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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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