C&C Group (LON:CCR) Trading Down 18.3% – Should You Sell?

C&C Group plc (LON:CCR)’s stock price traded down 18.3% on Thursday . The company traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.80 ($1.57). 20,107,066 shares traded hands during mid-day trading, an increase of 1,000% from the average session volume of 1,828,718 shares. The stock had previously closed at GBX 147.80 ($1.92).

Analyst Ratings Changes

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

C&C Group Stock Performance

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 capitalization of £542.52 million, a P/E ratio of -5.00, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a fifty day moving average of GBX 146.73 and a two-hundred day moving average of GBX 150.69.

Insider Buying and Selling

In other news, insider Angela Bromfield acquired 13,439 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of GBX 147 ($1.91) per share, with a total value of £19,755.33 ($25,619.67). Also, insider Ralph Findlay bought 66,183 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of GBX 150 ($1.95) per share, for a total transaction of £99,274.50 ($128,744.00). 3.38% of the stock is owned by company 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.