C&C Group (LON:CCR) Trading Down 18.7% - Here's What Happened

C&C Group plc (LON:CCR - Get Free Report)'s stock price fell 18.7% during mid-day trading on Thursday . The company traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). 21,797,490 shares traded hands during 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 Analyst Weigh In

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 company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The stock has a market cap of £557.94 million, a PE ratio of -5.15, a PEG ratio of 5.61 and a beta of 1.26. The firm has a fifty day simple moving average of GBX 145.73 and a two-hundred day simple moving average of GBX 150.17.

Insider Activity at C&C Group

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 stock was purchased at an average cost of GBX 121 ($1.56) per share, for a total transaction of £121,000 ($156,411.58). Also, insider Angela Bromfield purchased 13,439 shares of the stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,536.88). 3.38% of the stock is currently owned by 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.