C&C Group (LON:CCR) Trading Down 18.7% – Here’s What Happened

C&C Group plc (LON:CCR) shares fell 18.7% on Thursday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). 21,797,490 shares were traded during 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 report on Thursday.

C&C Group Stock Up 2.8 %

The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The firm has a market capitalization of £557.94 million, a P/E ratio of -5.15, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company’s fifty day simple moving average is GBX 146.24 and its 200 day simple moving average is GBX 150.40.

Insiders Place Their Bets

In other C&C Group news, insider Roger Alexander White purchased 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of GBX 121 ($1.57) per share, for a total transaction of £121,000 ($156,512.74). Also, insider Angela Bromfield purchased 13,439 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,553.40). In the last ninety days, insiders purchased 179,622 shares of company stock worth $24,002,983. 3.38% of the stock is currently owned by corporate insiders.

C&C Group Company Profile

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.