C&C Group (LON:CCR) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of C&C Group plc (LON:CCR) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 154.22 ($1.92) and traded as low as GBX 146 ($1.81). C&C Group shares last traded at GBX 148.20 ($1.84), with a volume of 197,751 shares traded.

Analyst Upgrades and Downgrades

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

C&C Group Stock Performance

The company has a market capitalization of £567.12 million, a price-to-earnings ratio of -617.50, a PEG ratio of 5.61 and a beta of 1.26. 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 50 day simple moving average of GBX 148.13 and a two-hundred day simple moving average of GBX 154.22.

C&C Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 14th were paid a dividend of €0.02 ($0.02) per share. This represents a yield of 1.03%. The ex-dividend date was Thursday, November 14th. C&C Group’s payout ratio is -2,083.33%.

Insider Buying and Selling at C&C Group

In other C&C Group 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 cost of GBX 147 ($1.83) per share, with a total value of £19,755.33 ($24,540.78). Also, insider Ralph Findlay purchased 66,183 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of GBX 150 ($1.86) per share, with a total value of £99,274.50 ($123,322.36). 3.38% of the stock is currently owned by 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.