C&C Group (LON:CCR) Stock Price Down 19.1% – Time to Sell?

C&C Group plc (LON:CCR)’s stock price fell 19.1% during trading on Thursday . The company traded as low as GBX 116.20 ($1.50) and last traded at GBX 119.60 ($1.55). 20,243,430 shares traded hands during trading, an increase of 1,005% from the average session volume of 1,831,392 shares. The stock had previously closed at GBX 147.80 ($1.91).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of C&C Group in a research report on Thursday.

C&C Group Stock Performance

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 market capitalization of £557.94 million, a price-to-earnings ratio of -5.15, a P/E/G ratio of 5.61 and a beta of 1.26. The firm 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 at C&C Group

In related news, insider Angela Bromfield bought 13,439 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of GBX 147 ($1.90) per share, for a total transaction of £19,755.33 ($25,553.40). Also, insider Roger Alexander White bought 100,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Over the last quarter, insiders acquired 179,622 shares of company stock worth $24,002,983. Corporate 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.