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

Shares of C&C Group plc (LON:CCR) 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 changed 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 ($1.91).

Analyst Ratings Changes

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

C&C Group Price 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 50 day moving average of GBX 146.76 and a 200-day moving average of GBX 150.64. The firm has a market capitalization of £545.20 million, a P/E ratio of -5.03, a P/E/G ratio of 5.61 and a beta of 1.26.

Insider Activity

In related news, insider Ralph Findlay acquired 66,183 shares of the company’s stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of GBX 150 ($1.94) per share, with a total value of £99,274.50 ($128,593.91). Also, insider Angela Bromfield bought 13,439 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,589.81). 3.38% of the stock is currently owned by company insiders.

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.