C&C Group (LON:CCR) Stock Price Down 18.7% - Time to Sell?

C&C Group plc (LON:CCR - Get Free Report)'s stock price traded down 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 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 Analyst Weigh In

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

C&C Group Stock Performance

The company has a 50-day moving average price of GBX 145.73 and a two-hundred day moving average price of 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 current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01.

Insiders Place Their Bets

In other news, insider Roger Alexander White purchased 100,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were bought 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 firm's stock in a transaction on Wednesday, December 18th. The stock was purchased 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 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.