C&C Group (LON:CCR) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of C&C Group plc (LON:CCR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 149.10 ($1.93) and traded as low as GBX 125 ($1.61). C&C Group shares last traded at GBX 126 ($1.63), with a volume of 1,657,131 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of C&C Group in a research report on Thursday, March 13th.

C&C Group Trading Down 0.3 %

The firm has a market capitalization of £571.55 million, a P/E ratio of -5.27, 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’s 50-day simple moving average is GBX 143.67 and its 200-day simple moving average is GBX 149.10.

Insiders Place Their Bets

In other news, insider Roger Alexander White bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of GBX 121 ($1.56) per share, with a total value of £121,000 ($156,229.83). 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.