C&C Group (LON:CCR) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of C&C Group plc (LON:CCR) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 160.80 ($2.09) and traded as low as GBX 157 ($2.04). C&C Group shares last traded at GBX 158.40 ($2.06), with a volume of 905,019 shares.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of C&C Group in a research note on Monday, September 9th.

C&C Group Stock Performance

The stock has a market capitalization of £610.74 million, a PE ratio of -663.33, a P/E/G ratio of 5.61 and a beta of 1.26. The firm has a 50 day moving average price of GBX 157.12 and a 200 day moving average price of GBX 160.76. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01.

Insider Transactions at C&C Group

In other C&C Group news, insider Feargal O’Rourke bought 50,000 shares of C&C Group stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of GBX 156 ($2.03) per share, with a total value of £78,000 ($101,272.40). Company insiders own 3.38% of the company’s stock.

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.