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

Shares of Greggs plc (LON:GRG) dropped significantly, falling 14.5% during Thursday's trading session. The stock hit a low of GBX 2,210 ($27.32) and was last seen at GBX 2,246.25 ($27.77). A total of 1,652,230 shares exchanged hands, which marked a substantial increase of 316% compared to the average daily trading volume of 397,330 shares. Prior to this decline, the stock had closed at GBX 2,626 ($32.46).

Current Financial Indicators

Greggs' financial ratios show a current ratio of 0.80 and a quick ratio of 0.88. The company's debt-to-equity ratio stands at 66.19. Its 50-day moving average price is GBX 2,737.99, while the 200-day moving average price is GBX 2,898.07. With a market capitalization of £2.28 billion, the stock features a price-to-earnings ratio of 1,676.30 and a price-to-earnings-growth ratio of 3.39. Notably, Greggs has a beta of 1.43, indicating its stock is more volatile than the broader market.

Insider Activities

In related news, it was reported that insider Roisin Currie purchased 14 shares of Greggs on Wednesday, October 23rd. The shares were bought at an average price of GBX 2,886 ($35.67) each, amounting to a total value of £404.04 ($499.43). Corporate insiders hold about 5.89% of the company's shares.

About Greggs

Greggs is a prominent food-on-the-go retailer in the UK, operating over 2,400 shops across the nation and employing around 32,000 staff. The company is best known for its freshly made sandwiches and baked goods, all prepared in-store daily. In addition to these offerings, Greggs features a variety of popular items, including freshly ground coffee, a breakfast menu, confectionery, and evening meal choices.

Investment Considerations

Before deciding on an investment in Greggs, potential investors should be aware that MarketBeat tracks leading research analysts and their recommendations. Currently, while Greggs holds a 'Moderate Buy' rating from analysts, some top-rated analysts suggest that there are better investment opportunities available. It's advisable to explore other options before making a decision.

Greggs, Stocks, Investment