Greggs (LON:GRG) Shares Down 12.5% – Here’s Why

Greggs plc (LON:GRG)’s stock price fell 12.5% during trading on Thursday . The company traded as low as GBX 2,286 ($28.26) and last traded at GBX 2,297.96 ($28.40). 1,218,997 shares were traded during trading, an increase of 275% from the average session volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Trading Down 12.5 %

The stock has a market cap of £2.33 billion, a PE ratio of 1,714.90, a PEG ratio of 3.39 and a beta of 1.43. The stock’s fifty day moving average price is GBX 2,741.39 and its 200 day moving average price is GBX 2,899.72. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19.

Insider Buying and Selling at Greggs

In related news, insider Roisin Currie bought 14 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average cost of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). Company insiders own 5.89% of the company’s stock.

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.