C&C Group (LON:CCR) Shares Pass Below 200 Day Moving Average – What’s Next?

C&C Group plc (LON:CCR)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.71 ($1.94) and traded as low as GBX 147.60 ($1.85). C&C Group shares last traded at GBX 148 ($1.85), with a volume of 60,415 shares traded.

Wall Street Analyst Weigh In

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

C&C Group Trading Up 0.1 %

The firm’s 50 day moving average is GBX 149.86 and its 200 day moving average is GBX 154.71. 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 company has a market cap of £566.35 million, a PE ratio of -616.67, a PEG ratio of 5.61 and a beta of 1.26.

C&C Group Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Ralph Findlay purchased 66,183 shares of the company’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of GBX 150 ($1.88) per share, with a total value of £99,274.50 ($124,404.14). Also, insider Angela Bromfield bought 13,439 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of GBX 147 ($1.84) per share, for a total transaction of £19,755.33 ($24,756.05). Corporate insiders own 3.38% of the company’s stock.

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.