C&C Group (LON:CCR) Shares Down 18.7% - Time to Sell?

C&C Group plc (LON:CCR - Get Free Report) shares traded down 18.7% during mid-day trading on Thursday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). 21,797,490 shares were traded during mid-day trading, an increase of 1,071% from the average session volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.91).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "buy" rating on shares of C&C Group in a research note on Thursday.

C&C Group Stock Performance

The business's fifty day moving average price is GBX 145.73 and its 200-day moving average price is GBX 150.17. The stock has a market cap of £557.94 million, a PE ratio of -5.15, a P/E/G 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.

Insider Buying and Selling

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