C&C Group (LON:CCR) Stock Price Down 18.7% – What’s Next?

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

Wall Street Analyst Weigh In

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

C&C Group Trading Down 18.7 %

The firm’s 50 day moving average is GBX 146.76 and its 200 day moving average is GBX 150.64. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80. The company has a market cap of £545.20 million, a PE ratio of -5.03, a PEG ratio of 5.61 and a beta of 1.26.

Insider Buying and Selling

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