C&C Group (LON:CCR) Trading Down 18.3% – What’s Next?

C&C Group plc (LON:CCR) shares were down 18.3% during trading on Thursday . The stock traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.80 ($1.57). 20,107,066 shares traded hands during trading, an increase of 1,000% from the average session volume of 1,828,718 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 Stock Performance

The stock has a 50 day moving average of GBX 146.73 and a 200 day moving average of GBX 150.69. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The firm has a market cap of £542.52 million, a price-to-earnings ratio of -5.00, a P/E/G ratio of 5.61 and a beta of 1.26.

Insider Buying and Selling at C&C Group

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