Greggs (LON:GRG) Stock Price Down 14.5% - Here's What Happened

Greggs plc (LON:GRG - Get Free Report) shares were down 14.5% during mid-day trading on Thursday . The stock traded as low as GBX 2,210 ($27.19) and last traded at GBX 2,246.25 ($27.64). Approximately 1,652,230 shares were traded during mid-day trading, an increase of 316% from the average daily volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.31).

Greggs Trading Down 14.5 %

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

Greggs Company Profile

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.