C&C Group (LON:CCR) Trading Down 18.7% – What’s Next?

C&C Group plc (LON:CCR)’s share price dropped 18.7% during trading on Thursday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). Approximately 21,797,490 shares were traded during trading, an increase of 1,071% from the average daily volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.91).

Analyst Ratings Changes

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

C&C Group Stock Up 2.8 %

The stock has a 50 day simple moving average of GBX 146.24 and a 200-day simple moving average of GBX 150.40. The firm has a market cap of £557.94 million, a PE ratio of -5.15, a PEG ratio of 5.61 and a beta of 1.26. 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 news, insider Angela Bromfield bought 13,439 shares of the firm’s stock in a transaction that occurred 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 ($25,553.40). Also, insider Ralph Findlay bought 66,183 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of GBX 150 ($1.94) per share, for a total transaction of £99,274.50 ($128,410.94). Insiders bought 179,622 shares of company stock valued at $24,002,983 over the last 90 days. Company insiders own 3.38% of the company’s stock.

About C&C Group

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.