C&C Group (LON:CCR) Stock Passes Below 200-Day Moving Average – Here’s What Happened

C&C Group plc (LON:CCRGet Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 157.52 and traded as low as GBX 135.58. C&C Group shares last traded at GBX 138.40, with a volume of 433,462 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of C&C Group in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, C&C Group has an average rating of “Buy”.

Get Our Latest Stock Analysis on CCR

C&C Group Price Performance

The stock has a market capitalization of £500.20 million, a PE ratio of 38.80, a P/E/G 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 stock’s 50-day moving average is GBX 151.25 and its 200 day moving average is GBX 157.52.

C&C Group Company Profile

(Get Free Report)

C&C Group plc is a leading, vertically integrated premium drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland.

C&C Group’s portfolio of owned/exclusive brands include Bulmers, the leading Irish cider brand and Tennent’s, the leading Scottish beer brand; as well as a range of fast-growing, premium and craft ciders and beers, such as Heverlee, Menabrea, Five Lamps and Orchard Pig.

Further Reading

Receive News & Ratings for C&C Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C&C Group and related companies with MarketBeat.com's FREE daily email newsletter.