C&C Group (LON:CCR) Trading Down 17.5% – Time to Sell?

C&C Group plc (LON:CCR)’s share price traded down 17.5% during mid-day trading on Thursday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 121.91 ($1.58). 21,472,746 shares were traded during trading, an increase of 1,057% from the average session volume of 1,855,496 shares. The stock had previously closed at GBX 147.80 ($1.91).

Wall Street Analyst Weigh In

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

C&C Group Price Performance

The company has a market capitalization of £557.94 million, a PE ratio of -5.15, a P/E/G ratio of 5.61 and a beta of 1.26. The company’s 50-day simple moving average is GBX 146.24 and its 200-day simple moving average is GBX 150.40. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16.

Insider Buying and Selling

In other C&C Group news, insider Roger Alexander White acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Also, insider Ralph Findlay acquired 66,183 shares of the business’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of GBX 150 ($1.94) per share, with a total value of £99,274.50 ($128,410.94). Insiders bought 179,622 shares of company stock valued at $24,002,983 over the last ninety days. Corporate 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.