C&C Group (LON:CCR) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of C&C Group plc (LON:CCRGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 149.10 ($1.93) and traded as low as GBX 125 ($1.61). C&C Group shares last traded at GBX 126 ($1.63), with a volume of 1,657,131 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of C&C Group in a research report on Thursday, March 13th.

Check Out Our Latest Stock Analysis on CCR

C&C Group Stock Down 0.3 %

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 stock has a market capitalization of £571.55 million, a PE ratio of -5.27, a PEG ratio of 5.61 and a beta of 1.26. The company has a 50 day moving average price of GBX 143.67 and a 200-day moving average price of GBX 149.10.

Insider Activity

In other C&C Group news, insider Roger Alexander White bought 100,000 shares of C&C Group stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of GBX 121 ($1.56) per share, with a total value of £121,000 ($156,229.83). Insiders own 3.38% of the company’s stock.

About C&C Group

(Get Free Report)

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.

Further Reading

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