C&C Group (LON:CCR) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

C&C Group plc (LON:CCR) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 151.43 ($1.91) and traded as low as GBX 148.40 ($1.87). C&C Group shares last traded at GBX 149.80 ($1.88), with a volume of 175,456 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “buy” rating on shares of C&C Group in a research report on Thursday, December 12th.

C&C Group Trading Down 0.8 %

The firm has a market capitalization of £677.70 million, a P/E ratio of -6.25, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The business’s 50-day moving average is GBX 146.85 and its 200 day moving average is GBX 151.30. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80.

Insider Buying and Selling

In other C&C Group news, insider Ralph Findlay purchased 66,183 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of GBX 150 ($1.89) per share, with a total value of £99,274.50 ($124,920.72). Also, insider Angela Bromfield purchased 13,439 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of GBX 147 ($1.85) per share, for a total transaction of £19,755.33 ($24,858.85). 3.38% of the stock is owned by 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.