C&C Group (LON:CCR) Stock Passes Below 200-Day Moving Average – Should You Sell?

C&C Group plc (LON:CCR) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 154.71 ($1.95) and traded as low as GBX 147.60 ($1.86). C&C Group shares last traded at GBX 148 ($1.86), with a volume of 60,415 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of C&C Group in a research report on Thursday, December 12th.

C&C Group Trading Up 0.3 %

The stock’s fifty day moving average price is GBX 149.40 and its 200 day moving average price is GBX 154.51. The stock has a market cap of £567.88 million, a P/E ratio of -618.33, a PEG ratio of 5.61 and a beta of 1.26. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01.

C&C Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 14th were paid a €0.02 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a dividend yield of 1.03%. C&C Group’s dividend payout ratio is presently -2,083.33%.

Insider Buying and Selling

In other news, insider Angela Bromfield purchased 13,439 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average cost of GBX 147 ($1.85) per share, for a total transaction of £19,755.33 ($24,858.85). Also, insider Ralph Findlay acquired 66,183 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of GBX 150 ($1.89) per share, with a total value of £99,274.50 ($124,920.72). 3.38% of the stock is owned by company insiders.

C&C Group Company Profile

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.