C&C Group (LON:CCR) Shares Down 18.7% – What’s Next?

C&C Group plc (LON:CCR)’s stock price dropped 18.7% during mid-day trading on Friday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). Approximately 21,797,490 shares traded hands during mid-day trading, an increase of 1,071% from the average daily volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.91).

Wall Street Analyst Weigh In

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

C&C Group Stock Up 2.8 %

The firm’s fifty day simple moving average is GBX 145.73 and its two-hundred day simple moving average is GBX 150.17. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The company has a market capitalization 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.

Insider Activity at C&C Group

In related news, insider Angela Bromfield bought 13,439 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,553.40). Also, insider Ralph Findlay purchased 66,183 shares of the company’s stock in a transaction on Monday, December 16th. The shares were bought at an average price of GBX 150 ($1.94) per share, with a total value of £99,274.50 ($128,410.94). Over the last three months, insiders have acquired 179,622 shares of company stock worth $24,002,983. Insiders own 3.38% of the company’s stock.

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.