C&C Group (LON:CCR) Stock Price Down 18.7% – Here’s Why

C&C Group plc (LON:CCR)’s stock price was down 18.7% during trading on Friday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). Approximately 21,797,490 shares were traded during 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 ($1.91).

Analyst Upgrades and Downgrades

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

C&C Group Trading Up 2.8 %

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 business has a fifty day moving average of GBX 145.73 and a 200-day moving average of GBX 150.17. The stock has a market capitalization of £557.94 million, a price-to-earnings ratio of -5.15, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26.

Insider Activity

In related news, insider Angela Bromfield acquired 13,439 shares of C&C Group stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,553.40). Also, insider Ralph Findlay bought 66,183 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of GBX 150 ($1.94) per share, for a total transaction of £99,274.50 ($128,410.94). In the last quarter, insiders acquired 179,622 shares of company stock worth $24,002,983. Corporate 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.