C&C Group (LON:CCR) Stock Price Down 19.5% - Time to Sell?

C&C Group plc (LON:CCR - Get Free Report)'s share price fell 19.5% during mid-day trading on Thursday . The stock traded as low as GBX 116.20 ($1.51) and last traded at GBX 118.96 ($1.55). 20,348,482 shares changed hands during trading, an increase of 1,010% from the average session volume of 1,833,452 shares. The stock had previously closed at GBX 147.80 ($1.92).

Wall Street Analysts Forecast Growth

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

C&C Group Price Performance

The stock has a market capitalization of £557.94 million, a P/E ratio of -5.15, a PEG ratio of 5.61 and a beta of 1.26. The company's 50 day simple moving average is GBX 145.21 and its two-hundred day simple moving average is GBX 149.94. 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 Transactions at C&C Group

In related news, insider Angela Bromfield purchased 13,439 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of GBX 147 ($1.91) per share, with a total value of £19,755.33 ($25,659.61). Also, insider Roger Alexander White bought 100,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of GBX 121 ($1.57) per share, with a total value of £121,000 ($157,163.27). 3.38% of the stock is owned by company insiders.

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.