Greggs (LON:GRG) Stock Price Down 14.5% – Should You Sell?

Greggs plc (LON:GRG)’s stock price fell 14.5% during mid-day trading on Friday . The company traded as low as GBX 2,210 ($26.98) and last traded at GBX 2,246.25 ($27.43). 1,652,230 shares changed hands during trading, an increase of 316% from the average session volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Stock Performance

The stock has a market capitalization of £2.11 billion, a P/E ratio of 1,553.73, a P/E/G ratio of 3.39 and a beta of 1.43. 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 business has a fifty day moving average price of GBX 2,714.40 and a 200-day moving average price of GBX 2,888.41.

Insiders Place Their Bets

In other Greggs news, insider Roisin Currie bought 14 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average price of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). 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.