C&C Group (LON:CCR) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

C&C Group plc (LON:CCR)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 145.25 ($1.92) and traded as low as GBX 122.40 ($1.61). C&C Group shares last traded at GBX 123.79 ($1.63), with a volume of 26,256,662 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of C&C Group in a research report on Thursday, March 13th.

C&C Group Price Performance

The firm has a market capitalization of £561.53 million, a PE ratio of -5.18, 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 business’s 50 day moving average is GBX 136.23 and its two-hundred day moving average is GBX 145.25.

Insider Activity

In other news, 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 cost of GBX 121 ($1.60) per share, for a total transaction of £121,000 ($159,546.41). Also, insider Sarah Newbitt acquired 11,528 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of GBX 127 ($1.67) per share, for a total transaction of £14,640.56 ($19,304.54). 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.