CCL Industries (OTCMKTS:CCDBF) Trading 7% Higher – Here’s Why

CCL Industries Inc. (OTCMKTS:CCDBF) rose 7% on Friday . The company traded as high as $68.6360 and last traded at $68.6360. Approximately 118 shares were traded during trading, a decline of 74% from the average daily volume of 454 shares. The stock had previously closed at $64.12.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCDBF. Scotiabank lowered CCL Industries from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 29th. BMO Capital Markets restated an “outperform” rating on shares of CCL Industries in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, CCL Industries presently has an average rating of “Moderate Buy”.

CCL Industries Stock Up 7.0%

The stock has a 50-day simple moving average of $63.16 and a 200 day simple moving average of $59.91.

CCL Industries (OTCMKTS:CCDBF) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.05). The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.38 billion.

CCL Industries Company Profile

CCL Industries is a global specialty packaging company focused on the design and manufacture of pressure-sensitive and speciality labels, flexible packaging, tubes, and security products. The company serves a wide range of end markets, including consumer goods, healthcare, personal care, food and beverage, automotive, electronics, and industrial markets. Its portfolio comprises pressure-sensitive labels, shrink sleeves, in-mold labels, flexible packaging for food and other consumer products, and security-focused solutions such as tamper-evident seals and authentication systems.

Founded in 1951 and headquartered in Toronto, Ontario, CCL Industries has grown through a combination of organic innovation and strategic acquisitions.