C&C Group (LON:CCR) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

C&C Group plc (LON:CCR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 160.95 ($2.10) and traded as low as GBX 160 ($2.09). C&C Group shares last traded at GBX 161 ($2.10), with a volume of 793,147 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of C&C Group in a research report on Monday, September 9th.

C&C Group Stock Performance

The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The company has a 50-day moving average price of GBX 156.04 and a two-hundred day moving average price of GBX 160.95. The stock has a market capitalization of £616.10 million, a P/E ratio of -670.83, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26.

Insider Activity

In other C&C Group news, insider Feargal O’Rourke bought 50,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of GBX 156 ($2.04) per share, for a total transaction of £78,000 ($101,854.27). In other C&C Group news, insider Feargal O’Rourke acquired 50,000 shares of C&C Group stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of GBX 156 ($2.04) per share, for a total transaction of £78,000 ($101,854.27). Also, insider Ralph Findlay acquired 44,151 shares of C&C Group stock in a transaction that occurred on Monday, July 22nd. The shares were purchased at an average cost of GBX 157 ($2.05) per share, with a total value of £69,317.07 ($90,515.89). Corporate 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.