C&C Group (LON:CCR) Stock Price Down 18.7% – Time to Sell?

C&C Group plc (LON:CCR)’s stock price was down 18.7% during trading on Thursday . The stock traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.19 ($1.56). Approximately 21,797,490 shares were traded during mid-day trading, an increase of 1,071% from the average daily volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.92).

Analysts Set New Price Targets

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

C&C Group Stock Performance

The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The company has a market cap of £545.20 million, a P/E ratio of -5.03, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a 50 day moving average price of GBX 146.76 and a 200-day moving average price of GBX 150.64.

Insider Buying and Selling at C&C Group

In related news, insider Ralph Findlay bought 66,183 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of GBX 150 ($1.95) per share, with a total value of £99,274.50 ($128,744.00). Also, insider Angela Bromfield bought 13,439 shares of the stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of GBX 147 ($1.91) per share, with a total value of £19,755.33 ($25,619.67). Company insiders own 3.38% of the company’s stock.

About C&C Group

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.