C&C Group (LON:CCR) Trading Down 18.7% – Here’s What Happened

C&C Group plc (LON:CCR)’s stock price fell 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). 21,797,490 shares changed hands during mid-day trading, an increase of 1,071% from the average session volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.91).

Analyst Upgrades and Downgrades

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

C&C Group Price Performance

The firm has a market capitalization of £557.94 million, a PE ratio of -5.15, a P/E/G ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16. The stock has a fifty day moving average price of GBX 145.73 and a 200-day moving average price of GBX 150.17.

Insider Activity at C&C Group

In other news, insider Angela Bromfield bought 13,439 shares of the stock in a transaction on Wednesday, December 18th. The stock was bought at an average cost of GBX 147 ($1.90) per share, for a total transaction of £19,755.33 ($25,553.40). Also, insider Roger Alexander White acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Insiders have purchased a total of 179,622 shares of company stock valued at $24,002,983 over the last quarter. 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.