C&C Group (LON:CCR) Stock Price Passes Below 200-Day Moving Average - Should You Sell?

C&C Group plc (LON:CCR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 153.06 ($1.89) and traded as low as GBX 147.20 ($1.82). C&C Group shares last traded at GBX 147.40 ($1.82), with a volume of 378,712 shares traded.

Analysts Set New Price Targets

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

C&C Group Trading Up 0.1 %

The firm's 50 day moving average is GBX 147.03 and its 200 day moving average is GBX 153.06. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80. The company has a market capitalization of £564.50 million, a PE ratio of -614.65, a P/E/G ratio of 5.61 and a beta of 1.26.

C&C Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 14th were paid a dividend of €0.02 ($0.02) per share. This represents a dividend yield of 1.03%. The ex-dividend date was Thursday, November 14th. C&C Group's dividend payout ratio (DPR) is -2,083.33%.

Insider Buying and Selling

In related news, insider Ralph Findlay bought 66,183 shares of the business's stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of GBX 150 ($1.85) per share, with a total value of £99,274.50 ($122,621.67). Also, insider Angela Bromfield purchased 13,439 shares of C&C Group stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of GBX 147 ($1.82) per share, for a total transaction of £19,755.33 ($24,401.35). 3.38% of the stock is owned by 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.