C&C Group (LON:CCR) Stock Price Down 19.1% – Here’s What Happened

C&C Group plc (LON:CCR)’s stock price fell 19.1% during trading on Thursday . The company traded as low as GBX 116.20 ($1.51) and last traded at GBX 119.60 ($1.55). 20,243,430 shares changed hands during mid-day trading, an increase of 1,005% from the average session volume of 1,831,392 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, December 12th.

C&C Group Price Performance

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 fifty day simple moving average is GBX 146.76 and its 200-day simple moving average is GBX 150.64. The company has a market capitalization of £537.99 million, a P/E ratio of -4.96, a PEG ratio of 5.61 and a beta of 1.26.

Insider Activity at C&C Group

In other news, insider Angela Bromfield bought 13,439 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of GBX 147 ($1.91) per share, for a total transaction of £19,755.33 ($25,619.67). Also, insider Ralph Findlay bought 66,183 shares of C&C Group stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of GBX 150 ($1.95) per share, with a total value of £99,274.50 ($128,744.00). 3.38% of the stock is owned by corporate 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.