C&C Group (LON:CCR) Stock Price Down 18.7% – Time to Sell?

C&C Group plc (LON:CCR)’s stock price traded down 18.7% during mid-day trading on Thursday . The stock traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.19 ($1.56). 21,797,490 shares changed hands 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 reaffirmed a “buy” rating on shares of C&C Group in a research note on Thursday, December 12th.

C&C Group Stock Performance

The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80. The firm has a fifty day moving average price of GBX 146.76 and a two-hundred day moving average price of GBX 150.64. The stock has a market capitalization of £545.20 million, a PE ratio of -5.03, a P/E/G ratio of 5.61 and a beta of 1.26.

Insider Transactions at C&C Group

In other news, insider Angela Bromfield acquired 13,439 shares of C&C Group stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of GBX 147 ($1.90) per share, for a total transaction of £19,755.33 ($25,589.81). Also, insider Ralph Findlay acquired 66,183 shares of C&C Group stock in a transaction on Monday, December 16th. The shares were purchased at an average price of GBX 150 ($1.94) per share, for a total transaction of £99,274.50 ($128,593.91). 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.