C&C Group (LON:CCR) Trading Down 18.7% - Should You Sell?

C&C Group plc (LON:CCR - Get Free Report)'s share price fell 18.7% during 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 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).

Analyst Upgrades and Downgrades

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

C&C Group Price Performance

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 business's 50 day moving average price is GBX 145.73 and its 200 day moving average price is GBX 150.17. The firm 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.

Insiders Place Their Bets

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