C&C Group (LON:CCR) Trading Down 15.8% – Here’s Why

C&C Group plc (LON:CCR) shares traded down 15.8% on Thursday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 124.40 ($1.61). 19,852,121 shares traded hands during trading, an increase of 989% from the average session volume of 1,823,719 shares. The stock had previously closed at GBX 147.80 ($1.91).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of C&C Group in a report on Thursday.

C&C Group Stock Up 2.8 %

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 has a market cap of £557.94 million, a price-to-earnings ratio of -5.15, a PEG ratio of 5.61 and a beta of 1.26. The business’s 50 day moving average price is GBX 146.24 and its 200 day moving average price is GBX 150.40.

Insider Activity at C&C Group

In other C&C Group news, insider Angela Bromfield bought 13,439 shares of C&C Group stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,553.40). Also, insider Roger Alexander White bought 100,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of GBX 121 ($1.57) per share, for a total transaction of £121,000 ($156,512.74). Over the last quarter, insiders have bought 179,622 shares of company stock worth $24,002,983. 3.38% of the stock is owned by company insiders.

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.