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

C&C Group plc (LON:CCR - Get Free Report) traded down 18.7% during mid-day trading on Friday . The stock traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.19 ($1.56). 21,797,490 shares traded 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).

Analyst Ratings Changes

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

C&C Group Stock Down 0.5 %

The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The firm has a 50-day moving average of GBX 146.76 and a 200 day moving average of GBX 150.64. The stock has a market capitalization of £539.80 million, a price-to-earnings ratio of -4.98, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26.

Insider Transactions at C&C Group

In other C&C Group news, insider Ralph Findlay purchased 66,183 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of GBX 150 ($1.94) per share, for a total transaction of £99,274.50 ($128,593.91). Also, insider Angela Bromfield purchased 13,439 shares of C&C Group 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, with a total value of £19,755.33 ($25,589.81). Corporate 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.

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