Greggs (LON:GRG) Trading Down 13.5% – What’s Next?

Shares of Greggs plc (LON:GRG) fell 13.5% on Tuesday . The company traded as low as GBX 1,779 ($22.93) and last traded at GBX 1,800.83 ($23.21). 2,251,119 shares traded hands during trading, an increase of 86% from the average session volume of 1,211,495 shares. The stock had previously closed at GBX 2,082 ($26.84).

Greggs Stock Down 2.4 %

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 has a 50 day simple moving average of GBX 2,242.34 and a 200-day simple moving average of GBX 2,670.65. The firm has a market cap of £1.79 billion, a PE ratio of 13.15, a PEG ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.94) earnings per share (EPS) for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. Sell-side analysts predict that Greggs plc will post 142.3763386 EPS for the current fiscal year.

Insiders Place Their Bets

In other Greggs news, insider Nigel Mills bought 925 shares of Greggs stock in a transaction on Friday, January 10th. The stock was acquired at an average price of GBX 2,149 ($27.70) per share, with a total value of £19,878.25 ($25,622.91). 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.