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

C&C Group plc (LON:CCR) traded down 17.5% during trading on Thursday . The stock traded as low as GBX 116.20 ($1.51) and last traded at GBX 121.91 ($1.58). 21,472,746 shares traded hands 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 ($1.92).

Wall Street Analysts Forecast Growth

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

C&C Group Trading Down 18.7 %

The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16. The stock has a market cap of £545.20 million, a PE ratio of -5.03, a PEG ratio of 5.61 and a beta of 1.26. The business 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 related news, insider Ralph Findlay acquired 66,183 shares of the business’s stock in a transaction on Monday, December 16th. The stock was bought at an average cost of GBX 150 ($1.95) per share, with a total value of £99,274.50 ($128,744.00). Also, insider Angela Bromfield acquired 13,439 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of GBX 147 ($1.91) per share, with a total value of £19,755.33 ($25,619.67). 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.