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

C&C Group plc (LON:CCR) traded down 18.7% on Thursday . The company traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). 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 ($1.91).

Wall Street Analyst Weigh In

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

C&C Group Stock Up 2.8 %

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 business has a fifty day simple moving average of GBX 146.24 and a two-hundred day simple moving average of GBX 150.40. The company has a market capitalization of £557.94 million, a price-to-earnings ratio of -5.15, a P/E/G ratio of 5.61 and a beta of 1.26.

Insider Activity

In other news, insider Ralph Findlay bought 66,183 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of GBX 150 ($1.94) per share, for a total transaction of £99,274.50 ($128,410.94). Also, insider Roger Alexander White bought 100,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Over the last 90 days, insiders bought 179,622 shares of company stock worth $24,002,983. 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.