Greggs (LON:GRG) Sets New 12-Month Low – Time to Sell?

Greggs plc (LON:GRG) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 2,340 ($28.57) and last traded at GBX 2,388 ($29.16), with a volume of 544154 shares traded. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Trading Down 5.8 %

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 business’s fifty day simple moving average is GBX 2,728.08 and its 200 day simple moving average is GBX 2,893.76. The stock has a market cap of £2.11 billion, a price-to-earnings ratio of 1,553.73, a P/E/G ratio of 3.39 and a beta of 1.43.

Insider Activity

In other news, insider Roisin Currie purchased 14 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average price of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). Corporate 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.