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

Greggs plc (LON:GRG - Get Free Report)'s stock price traded down 12.5% during mid-day trading on Thursday . The stock traded as low as GBX 2,286 ($28.13) and last traded at GBX 2,297.96 ($28.28). 1,218,997 shares traded hands during trading, an increase of 275% from the average session volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.31).

Greggs Trading Down 14.5 %

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 cap of £2.28 billion, a PE ratio of 1,676.30, a P/E/G ratio of 3.39 and a beta of 1.43. The business has a fifty day moving average price of GBX 2,737.99 and a 200 day moving average price of GBX 2,898.07.

Insider Buying and Selling at Greggs

In other news, insider Roisin Currie acquired 14 shares of the company's stock in a transaction on Wednesday, October 23rd. The shares were bought at an average price of GBX 2,886 ($35.51) per share, with a total value of £404.04 ($497.16). 5.89% of the stock is currently owned by insiders.

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.