C&C Group (LON:CCR) Shares Down 18.7% – Should You Sell?

C&C Group plc (LON:CCR) fell 18.7% during trading on Thursday . The company traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.19 ($1.56). 21,797,490 shares traded hands during mid-day trading, an increase of 1,071% from the average session volume of 1,861,864 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 note on Thursday, December 12th.

C&C Group Price Performance

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 company has a market capitalization of £545.20 million, a PE ratio of -5.03, a PEG ratio of 5.61 and a beta of 1.26. The firm has a 50-day moving average of GBX 146.76 and a 200 day moving average of GBX 150.64.

Insider Activity at C&C Group

In other C&C Group 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 price of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,589.81). Also, insider Ralph Findlay bought 66,183 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of GBX 150 ($1.94) per share, for a total transaction of £99,274.50 ($128,593.91). 3.38% of the stock is currently owned by 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.