C&C Group (LON:CCR) Trading Down 18.7% – Here’s What Happened

C&C Group plc (LON:CCR)’s share price was down 18.7% on Thursday . The company traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.19 ($1.56). Approximately 21,797,490 shares were traded during mid-day trading, an increase of 1,071% from the average daily volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.92).

Analyst Ratings Changes

Separately, Shore Capital reissued 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 market cap of £545.20 million, a PE ratio of -5.03, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. 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 firm has a 50 day simple moving average of GBX 146.76 and a 200-day simple moving average of GBX 150.64.

Insider Transactions at C&C Group

In other news, insider Ralph Findlay purchased 66,183 shares of the stock in a transaction on Monday, December 16th. The stock was bought at an average price of GBX 150 ($1.95) per share, with a total value of £99,274.50 ($128,744.00). Also, insider Angela Bromfield purchased 13,439 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of GBX 147 ($1.91) per share, for a total transaction of £19,755.33 ($25,619.67). 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.