C&C Group (LON:CCR) Shares Down 18.7% – Should You Sell?

Shares of C&C Group plc (LON:CCR) dropped 18.7% during mid-day trading on Thursday . The company traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). Approximately 21,797,490 shares traded hands during 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).

Analyst Ratings Changes

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

C&C Group Trading Up 2.8 %

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

Insider Buying and Selling at C&C Group

In other news, insider Ralph Findlay bought 66,183 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of GBX 150 ($1.94) per share, with a total value of £99,274.50 ($128,410.94). Also, insider Roger Alexander White bought 100,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Insiders bought a total of 179,622 shares of company stock valued at $24,002,983 in the last ninety days. Corporate 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.