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

C&C Group plc (LON:CCR)’s stock price dropped 18.7% during trading on Thursday . The company traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.19 ($1.56). Approximately 21,797,490 shares were traded 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 ($1.92).

Analyst Ratings Changes

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

C&C Group Trading Down 18.7 %

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 business’s 50-day moving average is GBX 146.76 and its two-hundred day moving average is GBX 150.64. The stock has a market capitalization of £545.20 million, a PE ratio of -5.03, a PEG ratio of 5.61 and a beta of 1.26.

Insider Buying and Selling

In related news, insider Angela Bromfield purchased 13,439 shares of C&C Group stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of GBX 147 ($1.91) per share, for a total transaction of £19,755.33 ($25,619.67). Also, insider Ralph Findlay acquired 66,183 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of GBX 150 ($1.95) per share, for a total transaction of £99,274.50 ($128,744.00). 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.