C&C Group (LON:CCR) Stock Price Up 0.9% - Here's Why

Shares of C&C Group plc (LON:CCR - Get Free Report) rose 0.9% during trading on Wednesday . The stock traded as high as GBX 150.40 ($1.91) and last traded at GBX 149 ($1.89). Approximately 2,240,168 shares changed hands during trading, an increase of 224% from the average daily volume of 691,244 shares. The stock had previously closed at GBX 147.60 ($1.88).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "buy" rating on shares of C&C Group in a research note on Monday, September 9th.

C&C Group Stock Down 2.4 %

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 stock's 50 day simple moving average is GBX 153.76 and its two-hundred day simple moving average is GBX 157.26. The firm has a market cap of £556.40 million, a P/E ratio of -620.83, a P/E/G ratio of 5.61 and a beta of 1.26.

C&C Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be given a dividend of €0.02 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 1.03%. C&C Group's dividend payout ratio (DPR) is presently -2,083.33%.

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.