C&C Group (LON:CCR) Trading Down 18.7% – Should You Sell?

C&C Group plc (LON:CCR)’s stock price dropped 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 changed hands 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).

Wall Street Analyst Weigh In

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

C&C Group Trading Down 18.7 %

The company’s fifty day moving average price is GBX 146.76 and its two-hundred day moving average price is GBX 150.64. 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 £545.20 million, a price-to-earnings ratio of -5.03, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26.

Insider Activity at C&C Group

In related news, insider Angela Bromfield bought 13,439 shares of C&C Group stock in a transaction dated Wednesday, December 18th. The shares were bought 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 purchased 66,183 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of GBX 150 ($1.95) per share, with a total value of £99,274.50 ($128,744.00). Insiders own 3.38% of the company’s stock.

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.