C&C Group (LON:CCR) Reaches New 12-Month Low – Here’s What Happened

C&C Group plc (LON:CCR)’s stock price reached a new 52-week low on Thursday . The company traded as low as GBX 116.20 ($1.51) and last traded at GBX 117.40 ($1.52), with a volume of 18910648 shares trading hands. The stock had previously closed at GBX 147.80 ($1.92).

Wall Street Analysts Forecast Growth

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

C&C Group Trading Down 18.0 %

The firm has a market capitalization of £549.78 million, a PE ratio of -5.07, a P/E/G ratio of 5.61 and a beta of 1.26. The firm has a 50 day simple moving average of GBX 146.73 and a 200 day simple moving average of GBX 150.69. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01.

Insider Activity at C&C Group

In other news, insider Angela Bromfield purchased 13,439 shares of the stock in a transaction dated 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). Also, insider Ralph Findlay acquired 66,183 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of GBX 150 ($1.95) per share, with a total value of £99,274.50 ($128,744.00). 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.