C&C Group (LON:CCR) Stock Crosses Below 200-Day Moving Average – Here’s Why

C&C Group plc (LON:CCR)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 154.22 ($1.92) and traded as low as GBX 146 ($1.81). C&C Group shares last traded at GBX 148.20 ($1.84), with a volume of 197,751 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of C&C Group in a report on Thursday, December 12th.

C&C Group Trading Up 1.2 %

The company has a market cap of £567.12 million, a PE ratio of -617.50, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The business has a 50 day simple moving average of GBX 148.13 and a two-hundred day simple moving average of GBX 154.22. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01.

C&C Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 14th were paid a €0.02 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 1.03%. C&C Group’s payout ratio is currently -2,083.33%.

Insider Buying and Selling at C&C Group

In related news, insider Angela Bromfield acquired 13,439 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of GBX 147 ($1.83) per share, with a total value of £19,755.33 ($24,540.78). Also, insider Ralph Findlay acquired 66,183 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average cost of GBX 150 ($1.86) per share, with a total value of £99,274.50 ($123,322.36). 3.38% of the stock is owned by company insiders.

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.