Greggs (LON:GRG) Trading Down 12.5% – Here’s What Happened

Greggs plc (LON:GRG)’s stock price was down 12.5% during trading on Thursday . The company traded as low as GBX 2,286 ($27.91) and last traded at GBX 2,297.96 ($28.06). Approximately 1,218,997 shares changed hands during mid-day trading, an increase of 275% from the average daily volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Price Performance

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 stock’s 50 day moving average price is GBX 2,728.08 and its two-hundred day moving average price is GBX 2,893.76. The firm has a market capitalization of £2.11 billion, a price-to-earnings ratio of 1,553.73, a PEG ratio of 3.39 and a beta of 1.43.

Insider Transactions at Greggs

In related news, insider Roisin Currie acquired 14 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). 5.89% of the stock is currently owned by corporate insiders.

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.