C&C Group (LON:CCR) Shares Down 18.7% - What's Next?

C&C Group plc (LON:CCR - Get Free Report) shares were down 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). Approximately 21,797,490 shares changed hands during mid-day trading, an increase of 1,071% from the average daily 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 reissued a "buy" rating on shares of C&C Group in a report on Thursday.

C&C Group Price Performance

The stock has a market cap of £557.94 million, a PE ratio of -5.15, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. 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 company's fifty day moving average is GBX 145.73 and its 200 day moving average is GBX 150.17.

Insider Activity at C&C Group

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