C&C Group (LON:CCR) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

C&C Group plc (LON:CCR - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 142.84 ($1.91) and traded as low as GBX 135.20 ($1.81). C&C Group shares last traded at GBX 137.96 ($1.84), with a volume of 667,997 shares.

Wall Street Analyst Weigh In

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

C&C Group Stock Down 0.8 %

The firm has a market cap of £655.93 million, a PE ratio of -6.05, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. 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 fifty day simple moving average of GBX 131.56 and a two-hundred day simple moving average of GBX 142.29.

Insiders Place Their Bets

In other C&C Group news, insider Sarah Newbitt acquired 11,528 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average price of GBX 127 ($1.70) per share, for a total transaction of £14,640.56 ($19,549.42). Also, insider Roger Alexander White acquired 100,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of GBX 121 ($1.62) per share, with a total value of £121,000 ($161,570.30). 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.