C&C Group (LON:CCR) Stock Price Down 18.7% - Here's Why

C&C Group plc (LON:CCR - Get Free Report) traded down 18.7% during trading on Friday . The company traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). 21,797,490 shares changed hands 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 reiterated a "buy" rating on shares of C&C Group in a research report on Thursday.

C&C Group Price Performance

The stock's fifty day simple moving average is GBX 145.73 and its 200-day simple moving average is GBX 150.17. The stock has a market cap of £557.94 million, a P/E 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 Activity

In other C&C Group news, 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). Also, insider Roger Alexander White acquired 100,000 shares of C&C Group stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of GBX 121 ($1.56) per share, for a total transaction of £121,000 ($156,411.58). Corporate insiders own 3.38% of the company's stock.

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.