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

Greggs plc (LON:GRG - Get Free Report)'s stock price fell 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). 1,652,230 shares were traded during trading, an increase of 316% from the average session 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 fifty 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 current ratio of 0.80 and a quick ratio of 0.88. The firm has a market capitalization of £2.28 billion, a PE ratio of 1,676.30, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insider Transactions at Greggs

In other Greggs news, insider Roisin Currie purchased 14 shares of the company's stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average price of GBX 2,886 ($35.51) per share, for a total transaction 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.