C&C Group (LON:CCR) Hits New 12-Month Low – Here’s What Happened

C&C Group plc (LON:CCR) shares reached a new 52-week low on Wednesday . The stock traded as low as GBX 139 ($1.70) and last traded at GBX 140 ($1.71), with a volume of 461493 shares traded. The stock had previously closed at GBX 139 ($1.70).

Analyst Ratings Changes

Separately, Shore Capital reiterated 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 50-day moving average of GBX 146.92 and a 200 day moving average of GBX 153.34. 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 stock has a market capitalization of £565.59 million, a PE ratio of -615.83, a PEG ratio of 5.61 and a beta of 1.26.

C&C Group Cuts Dividend

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

Insider Activity

In related news, insider Angela Bromfield acquired 13,439 shares of the stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of GBX 147 ($1.80) per share, with a total value of £19,755.33 ($24,171.45). Also, insider Ralph Findlay bought 66,183 shares of the company’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of GBX 150 ($1.84) per share, with a total value of £99,274.50 ($121,466.41). Company 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.