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

C&C Group plc (LON:CCR - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 144.45 ($1.95) and traded as high as GBX 170.60 ($2.30). C&C Group shares last traded at GBX 168.60 ($2.27), with a volume of 631,789 shares.

Wall Street Analysts Forecast Growth

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

C&C Group Price Performance

The firm has a market capitalization of £771.14 million, a P/E ratio of -7.11, 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 current ratio of 1.16 and a quick ratio of 0.80. The stock's fifty day simple moving average is GBX 149.88 and its 200 day simple moving average is GBX 144.45.

Insiders Place Their Bets

In other news, insider Sarah Newbitt bought 11,528 shares of C&C Group stock in a transaction on Wednesday, March 26th. The stock was acquired at an average cost of GBX 127 ($1.71) per share, for a total transaction of £14,640.56 ($19,715.27). 3.38% of the stock is currently owned by corporate 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.

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