Timgunn is correct in that the wires running to the thermocouple need to be right not just to postive to positive on PID to Positive on Thermocouple, but ALSO the right wire of the 2 has to go to the right + and the right one to -. The 2 wires are not the same type wire and must match the right thermocouple leg. Did the Thermocouple somehow get turned around in its mounting block that has the + or - on it? Is your PID set for a type K thermocouple? That is the USUAL default setting, but, maybe it got changed. There is also an offset that can be programmed into the PID that will offset the PIDs read temp to the actual temp.
Trying turning the wires over at BOTH the thermocouple and the PID and see if it changes readings.
Hopefully that does it.
In order to check that the PID is set to type K you need to get to the Sn mode and check for a 0 setting for type K
The offset is with the Pd mode
The directions for accessing those are on page 3 of the first part of the instructions which you can download here. I advise downloading and printing them and keeping a set near your oven. Figuring them out a first can be confusing. Programing the set points and ramp times takes a bit to get used to and I made cheat sheet I keep by my oven. I think it might be in the stickies. I am away from home working a job for the next month or so, and will shortly be at work 13+ hours a day 7 days a week. Then maybe a short break before another month of the same then the summer OFF and August I go to social Security and freedom. LOL I will still do a job once and while, just pick and chose more.