C&C Group (LON:CCR) Trading Down 15.8% - Here's Why

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

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "buy" rating on shares of C&C Group in a report on Thursday.

C&C Group Price Performance

The company 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 company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16. The company's 50 day moving average price is GBX 145.73 and its 200-day moving average price is GBX 150.17.

Insiders Place Their Bets

In other news, insider Angela Bromfield purchased 13,439 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,536.88). Also, insider Roger Alexander White acquired 100,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of GBX 121 ($1.56) per share, for a total transaction of £121,000 ($156,411.58). Insiders own 3.38% of the company's stock.

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.