Greggs plc (LON:GRG - Get Free Report)'s share price traded down 14.5% during trading on Thursday . The stock traded as low as GBX 2,210 ($27.32) and last traded at GBX 2,246.25 ($27.77). 1,652,230 shares changed hands 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 ($32.46).
The company has a market cap of £2.28 billion, a P/E ratio of 1,676.30, a P/E/G ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. The stock has a 50-day simple moving average of GBX 2,737.99 and a 200 day simple moving average of GBX 2,898.07.
In related news, insider Roisin Currie purchased 14 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average price of GBX 2,886 ($35.67) per share, with a total value of £404.04 ($499.43). Corporate insiders own 5.89% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Greggs, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Greggs wasn't on the list.
While Greggs currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.