C&C Group (LON:CCR) Stock Crosses Below 200 Day Moving Average - Here's Why

Shares of C&C Group plc (LON:CCR - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 143.85 ($1.93) and traded as low as GBX 125.80 ($1.69). C&C Group shares last traded at GBX 128.20 ($1.72), with a volume of 614,746 shares traded.

Analyst Upgrades and Downgrades

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

C&C Group Stock Up 3.0 %

The firm has a 50-day moving average of GBX 132.34 and a 200 day moving average of GBX 143.05. 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 stock has a market capitalization of £627.80 million, a price-to-earnings ratio of -5.79, a PEG ratio of 5.61 and a beta of 1.26.

Insider Buying and Selling at C&C Group

In other C&C Group news, insider Sarah Newbitt acquired 11,528 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were purchased at an average price of GBX 127 ($1.71) per share, for a total transaction of £14,640.56 ($19,670.24). Also, insider Roger Alexander White acquired 100,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of GBX 121 ($1.63) per share, for a total transaction of £121,000 ($162,568.86). 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.