C&C Group (LON:CCR) Stock Price Down 19.5% – Here’s Why

C&C Group plc (LON:CCR) dropped 19.5% during trading on Thursday . The company traded as low as GBX 116.20 ($1.50) and last traded at GBX 118.96 ($1.54). Approximately 20,348,482 shares were traded during trading, an increase of 1,010% from the average daily volume of 1,833,452 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 report on Thursday.

C&C Group Price Performance

The stock has a market cap of £557.94 million, a price-to-earnings ratio of -5.15, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The stock has a fifty day simple moving average of GBX 146.24 and a 200-day simple moving average of GBX 150.40. 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 Buying and Selling at C&C Group

In other news, insider Angela Bromfield acquired 13,439 shares of C&C Group stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of GBX 147 ($1.90) per share, for a total transaction of £19,755.33 ($25,553.40). Also, insider Roger Alexander White acquired 100,000 shares of C&C Group stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Insiders have acquired 179,622 shares of company stock valued at $24,002,983 in the last 90 days. 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.