C&C Group (LON:CCR) Shares Cross Below 200 Day Moving Average – Time to Sell?

C&C Group plc (LON:CCR)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 152.42 ($1.89) and traded as low as GBX 143 ($1.78). C&C Group shares last traded at GBX 144.20 ($1.79), with a volume of 231,133 shares.

Analyst Ratings Changes

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

C&C Group Stock Performance

The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16. The firm’s 50-day moving average price is GBX 146.89 and its two-hundred day moving average price is GBX 152.42. The stock has a market cap of £551.81 million, a price-to-earnings ratio of -600.83, a PEG ratio of 5.61 and a beta of 1.26.

Insider Buying and Selling at C&C Group

In other C&C Group news, insider Ralph Findlay purchased 66,183 shares of C&C Group stock in a transaction on Monday, December 16th. The shares were bought at an average price of GBX 150 ($1.86) per share, with a total value of £99,274.50 ($123,291.73). Also, insider Angela Bromfield purchased 13,439 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of GBX 147 ($1.83) per share, for a total transaction of £19,755.33 ($24,534.69). 3.38% of the stock is currently owned by corporate 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.