C&C Group (LON:CCR) Stock Price Down 18.7% – Time to Sell?

C&C Group plc (LON:CCRGet Free Report)’s stock price traded down 18.7% during trading on Friday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). 21,797,490 shares changed hands during trading, an increase of 1,071% from the average session 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 reiterated a “buy” rating on shares of C&C Group in a research report on Thursday.

Check Out Our Latest Research Report on CCR

C&C Group Trading Up 2.8 %

The firm’s fifty day moving average price is GBX 145.73 and its 200-day moving average price is GBX 150.17. The company has a market cap of £557.94 million, a price-to-earnings ratio of -5.15, a P/E/G 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.

Insider Buying and Selling at C&C Group

In other C&C Group news, insider Ralph Findlay bought 66,183 shares of the business’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of GBX 150 ($1.94) per share, with a total value of £99,274.50 ($128,410.94). Also, insider Roger Alexander White purchased 100,000 shares of C&C Group stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Insiders bought 179,622 shares of company stock valued at $24,002,983 in the last ninety days. Company insiders own 3.38% of the company’s stock.

About C&C Group

(Get Free Report)

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.

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