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

C&C Group plc (LON:CCR - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 144.45 ($1.96) and traded as high as GBX 170.60 ($2.31). C&C Group shares last traded at GBX 168.60 ($2.28), with a volume of 631,789 shares changing hands.

Analyst Ratings Changes

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

C&C Group Trading Down 0.1%

The company has a 50 day simple moving average of GBX 151.77 and a 200 day simple moving average of GBX 144.71. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The stock has a market capitalization of £767.51 million, a PE ratio of -7.08, a P/E/G 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 bought 11,528 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was acquired at an average cost of GBX 127 ($1.72) per share, with a total value of £14,640.56 ($19,822.04). 3.38% of the stock is owned by company 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.