C&C Group (LON:CCR) Trading Down 15.8% – What’s Next?

C&C Group plc (LON:CCR) traded down 15.8% during mid-day trading on Thursday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 124.40 ($1.61). 19,852,121 shares changed hands during mid-day trading, an increase of 989% from the average session volume of 1,823,719 shares. The stock had previously closed at GBX 147.80 ($1.91).

Wall Street Analysts Forecast Growth

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

C&C Group Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The company has a market capitalization of £557.94 million, a PE ratio of -5.15, a PEG ratio of 5.61 and a beta of 1.26. The business has a 50 day simple moving average of GBX 146.24 and a 200 day simple moving average of GBX 150.40.

Insider Buying and Selling

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