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

Shares of C&C Group plc (LON:CCR) traded down 18.7% on Thursday . The stock 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 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).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated 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 50 day moving average of GBX 146.24 and a two-hundred day moving average of GBX 150.40. 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 has a market capitalization of £557.94 million, a PE ratio of -5.15, a P/E/G ratio of 5.61 and a beta of 1.26.

Insiders Place Their Bets

In other news, insider Angela Bromfield purchased 13,439 shares of the stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,553.40). Also, insider Ralph Findlay acquired 66,183 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of GBX 150 ($1.94) per share, with a total value of £99,274.50 ($128,410.94). In the last 90 days, insiders bought 179,622 shares of company stock valued at $24,002,983. 3.38% of the stock is owned by company 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.