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

C&C Group plc (LON:CCR) shares 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 were traded during mid-day 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 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 market cap of £557.94 million, a PE ratio of -5.15, a PEG ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16. The company has a 50 day simple moving average of GBX 146.24 and a two-hundred day simple moving average of GBX 150.40.

Insider Activity

In other C&C Group news, insider Ralph Findlay purchased 66,183 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of GBX 150 ($1.94) per share, for a total transaction of £99,274.50 ($128,410.94). Also, insider Angela Bromfield purchased 13,439 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,553.40). Insiders bought a total of 179,622 shares of company stock worth $24,002,983 in the last three months. 3.38% of the stock is owned by insiders.

C&C Group Company Profile

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.