Greggs (LON:GRG) Trading Down 14.5% – Time to Sell?

Greggs plc (LON:GRG) shares fell 14.5% during 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 were traded during mid-day 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 Down 5.8 %

The business has a 50 day moving average of GBX 2,714.40 and a 200-day moving average of GBX 2,888.41. The stock has a market cap of £2.11 billion, a PE ratio of 1,553.73, a P/E/G ratio of 3.39 and a beta of 1.43. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19.

Insiders Place Their Bets

In other Greggs news, insider Roisin Currie purchased 14 shares of Greggs stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average cost of GBX 2,886 ($35.24) per share, with a total value of £404.04 ($493.33). 5.89% of the stock is owned by insiders.

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.