C&C Group (LON:CCR) Reaches New 1-Year Low - Here's What Happened

C&C Group plc (LON:CCR - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as GBX 139 ($1.70) and last traded at GBX 140 ($1.71), with a volume of 461493 shares trading hands. The stock had previously closed at GBX 139 ($1.70).

Wall Street Analysts Forecast Growth

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

C&C Group Stock Up 2.5 %

The company has a 50 day moving average of GBX 146.92 and a 200-day moving average of GBX 153.52. The company has a market capitalization of £548.99 million, a P/E ratio of -597.76, a PEG 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.

C&C Group Cuts Dividend

The business also recently disclosed 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 yield of 1.03%. C&C Group's dividend payout ratio (DPR) is presently -2,083.33%.

Insiders Place Their Bets

In other C&C Group news, insider Angela Bromfield bought 13,439 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of GBX 147 ($1.79) per share, for a total transaction of £19,755.33 ($24,118.34). Also, insider Ralph Findlay purchased 66,183 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of GBX 150 ($1.83) per share, with a total value of £99,274.50 ($121,199.49). 3.38% of the stock is currently owned by company 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.