C&C Group (LON:CCR) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

C&C Group plc (LON:CCR)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 151.87 ($1.88) and traded as low as GBX 147.40 ($1.83). C&C Group shares last traded at GBX 148.40 ($1.84), with a volume of 487,355 shares changing hands.

Analysts Set New Price Targets

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

C&C Group Price Performance

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 business has a 50 day simple moving average of GBX 146.53 and a two-hundred day simple moving average of GBX 151.87. The firm has a market capitalization of £567.88 million, a P/E ratio of -618.33, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26.

Insider Activity at C&C Group

In other C&C Group news, insider Ralph Findlay acquired 66,183 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of GBX 150 ($1.86) per share, with a total value of £99,274.50 ($123,154.08). Also, insider Angela Bromfield bought 13,439 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of GBX 147 ($1.82) per share, for a total transaction of £19,755.33 ($24,507.29). 3.38% of the stock is currently owned by insiders.

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.