C&C Group (LON:CCR) Shares Pass Below 200 Day Moving Average – What’s Next?

C&C Group plc (LON:CCR) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

C&C Group Price Performance

The company has a market cap of £567.12 million, a price-to-earnings ratio of -617.50, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a fifty day simple moving average of GBX 148.13 and a two-hundred day simple moving average of GBX 154.22. The company has a quick ratio of 0.80, a current ratio of 1.16 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. Shareholders of record on Thursday, November 14th were issued a dividend of €0.02 ($0.02) per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 1.03%. C&C Group’s dividend payout ratio (DPR) is currently -2,083.33%.

Insiders Place Their Bets

In other news, insider Angela Bromfield bought 13,439 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average price 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 business’s stock in a transaction dated Monday, December 16th. The stock was purchased 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 currently 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.