C&C Group (LON:CCR) Share Price Crosses Below 200-Day Moving Average – What’s Next?

C&C Group plc (LON:CCR)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 151.14 ($1.92) and traded as low as GBX 149.80 ($1.90). C&C Group shares last traded at GBX 150.60 ($1.91), with a volume of 836,499 shares traded.

Analyst Ratings Changes

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

C&C Group Trading Up 0.5 %

The business has a 50 day simple moving average of GBX 146.93 and a 200-day simple moving average of GBX 151.14. 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 stock has a market capitalization of £686.77 million, a price-to-earnings ratio of -6.33, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26.

Insider Activity

In other news, insider Ralph Findlay acquired 66,183 shares of C&C Group stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of GBX 150 ($1.90) per share, with a total value of £99,274.50 ($125,823.19). Also, insider Angela Bromfield acquired 13,439 shares of C&C Group stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of GBX 147 ($1.86) per share, for a total transaction of £19,755.33 ($25,038.44). Corporate insiders own 3.38% of the company’s stock.

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.