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

C&C Group plc (LON:CCR - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 145.37 ($2.00) and traded as high as GBX 171.20 ($2.35). C&C Group shares last traded at GBX 169 ($2.32), with a volume of 1,747,929 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "buy" rating on shares of C&C Group in a report on Thursday, May 22nd.

C&C Group Stock Up 1.2%

The firm has a 50-day simple moving average of GBX 156.64 and a 200 day simple moving average of GBX 145.56. 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 company has a market capitalization of £747.56 million, a PE ratio of -6.89, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26.

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.