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

Shares of C&C Group plc (LON:CCR - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 142.84 ($1.90) and traded as low as GBX 135.20 ($1.80). C&C Group shares last traded at GBX 137.96 ($1.83), with a volume of 667,997 shares changing hands.

Analyst Upgrades and Downgrades

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

C&C Group Stock Performance

The company has a market cap of £664.09 million, a P/E ratio of -6.12, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The company's 50-day moving average is GBX 131.58 and its two-hundred day moving average is GBX 142.40.

Insider Activity at C&C Group

In related news, insider Sarah Newbitt purchased 11,528 shares of C&C Group stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of GBX 127 ($1.69) per share, for a total transaction of £14,640.56 ($19,461.07). Also, insider Roger Alexander White acquired 100,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of GBX 121 ($1.61) per share, with a total value of £121,000 ($160,840.09). 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.