C&C Group (LON:CCR) Shares Cross Below 200 Day Moving Average - Here's Why

C&C Group plc (LON:CCR - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 143.85 ($1.91) and traded as low as GBX 125.80 ($1.67). C&C Group shares last traded at GBX 128.20 ($1.70), with a volume of 614,746 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "buy" rating on shares of C&C Group in a research note on Thursday, March 13th.

C&C Group Stock Performance

The firm has a fifty day moving average of GBX 133.66 and a 200-day moving average of GBX 143.85. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The firm has a market cap of £581.53 million, a P/E ratio of -5.36, a PEG ratio of 5.61 and a beta of 1.26.

Insider Activity at C&C Group

In other news, insider Sarah Newbitt bought 11,528 shares of the stock in a transaction on Wednesday, March 26th. The stock was purchased at an average price of GBX 127 ($1.68) per share, for a total transaction of £14,640.56 ($19,399.18). Also, insider Roger Alexander White acquired 100,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of GBX 121 ($1.60) per share, with a total value of £121,000 ($160,328.61). Corporate insiders own 3.38% of the company's stock.

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.

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