C&C Group (LON:CCR) Reaches New 1-Year Low – Should You Sell?

C&C Group plc (LON:CCR) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 141.20 ($1.72) and last traded at GBX 143 ($1.75), with a volume of 245540 shares traded. The stock had previously closed at GBX 143.80 ($1.76).

Wall Street Analyst Weigh In

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

C&C Group Stock Performance

The company has a market capitalization of £551.04 million, a PE ratio of -600.00, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The business’s fifty day moving average is GBX 147.29 and its two-hundred day moving average is GBX 153.91.

C&C Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 14th were issued a dividend of €0.02 ($0.02) per share. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, November 14th. C&C Group’s payout ratio is currently -2,083.33%.

Insider Buying and Selling

In related news, insider Angela Bromfield bought 13,439 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of GBX 147 ($1.79) per share, for a total transaction of £19,755.33 ($24,121.28). Also, insider Ralph Findlay purchased 66,183 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of GBX 150 ($1.83) per share, for a total transaction of £99,274.50 ($121,214.29). 3.38% of the stock is owned by corporate insiders.

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.