Shares of C&C Group plc (LON:CCR - Get Free Report) dropped 18.7% during trading on Thursday . The company traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.19 ($1.56). Approximately 21,797,490 shares were traded 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 ($1.92).
Analyst Ratings Changes
Separately, Shore Capital reiterated a "buy" rating on shares of C&C Group in a research note on Thursday, March 13th.
Read Our Latest Analysis on CCR
C&C Group Price Performance
The business's 50 day moving average price is GBX 144.39 and its 200 day moving average price is GBX 149.50. The stock has a market capitalization of £567.92 million, a P/E ratio of -5.24, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80.
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 that occurred on Thursday, March 13th. The stock was bought at an average cost of GBX 121 ($1.57) per share, for a total transaction of £121,000 ($157,408.61). 3.38% of the stock is currently owned by company insiders.
About C&C Group
(
Get Free Report)
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.
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