C&C Group (LON:CCR) Shares Down 19.1% – What’s Next?

Shares of C&C Group plc (LON:CCR) dropped 19.1% during trading on Thursday . The company traded as low as GBX 116.20 ($1.50) and last traded at GBX 119.60 ($1.55). Approximately 20,243,430 shares were traded during trading, an increase of 1,005% from the average daily volume of 1,831,392 shares. The stock had previously closed at GBX 147.80 ($1.91).

Analyst Ratings Changes

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

C&C Group Stock Performance

The firm has a 50 day moving average of GBX 146.24 and a two-hundred day moving average of GBX 150.40. 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 stock has a market cap of £557.94 million, a PE ratio of -5.15, a PEG ratio of 5.61 and a beta of 1.26.

Insider Transactions at C&C Group

In other news, insider Angela Bromfield bought 13,439 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of GBX 147 ($1.90) per share, for a total transaction of £19,755.33 ($25,553.40). Also, insider Ralph Findlay bought 66,183 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of GBX 150 ($1.94) per share, with a total value of £99,274.50 ($128,410.94). In the last quarter, insiders purchased 179,622 shares of company stock worth $24,002,983. 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.