C&C Group (LON:CCR) Trading Down 18.7% – Here’s Why

Shares of C&C Group plc (LON:CCR) fell 18.7% on Thursday . The stock 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).

Analyst Upgrades and Downgrades

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

C&C Group Stock Up 2.8 %

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 stock has a market capitalization of £557.94 million, a P/E ratio of -5.15, a P/E/G ratio of 5.61 and a beta of 1.26. The firm has a 50-day simple moving average of GBX 146.24 and a 200 day simple moving average of GBX 150.40.

Insider Buying and Selling at C&C Group

In related news, insider Ralph Findlay purchased 66,183 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of GBX 150 ($1.94) per share, with a total value of £99,274.50 ($128,410.94). Also, insider Roger Alexander White purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Over the last three months, insiders bought 179,622 shares of company stock worth $24,002,983. 3.38% of the stock is currently owned by 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.