C&C Group (LON:CCR) Hits New 52-Week Low – Time to Sell?

C&C Group plc (LON:CCR)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 139 ($1.70) and last traded at GBX 140 ($1.71), with a volume of 461493 shares trading hands. The stock had previously closed at GBX 139 ($1.70).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of C&C Group in a report on Thursday, December 12th.

C&C Group Price Performance

The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The company has a market cap of £565.59 million, a PE ratio of -615.83, a P/E/G ratio of 5.61 and a beta of 1.26. The stock has a 50-day simple moving average of GBX 146.92 and a 200 day simple moving average of GBX 153.34.

C&C Group Cuts Dividend

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

Insider Activity at C&C Group

In other news, insider Ralph Findlay purchased 66,183 shares of the stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of GBX 150 ($1.84) per share, for a total transaction of £99,274.50 ($121,466.41). Also, insider Angela Bromfield acquired 13,439 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of GBX 147 ($1.80) per share, with a total value of £19,755.33 ($24,171.45). 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.