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

C&C Group plc (LON:CCR)’s share price was down 18.7% on Thursday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). Approximately 21,797,490 shares changed hands during mid-day trading, an increase of 1,071% from the average daily 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 reissued a “buy” rating on shares of C&C Group in a research report on Thursday.

C&C Group Price Performance

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 company 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 company’s 50-day simple moving average is GBX 146.24 and its 200 day simple moving average is GBX 150.40.

Insider Buying and Selling

In related news, insider Roger Alexander White purchased 100,000 shares of C&C Group stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Also, insider Angela Bromfield purchased 13,439 shares of C&C Group stock in a transaction on Wednesday, December 18th. The stock was bought at an average cost of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,553.40). In the last three months, insiders bought 179,622 shares of company stock valued at $24,002,983. Company 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.