CCL Industries (OTCMKTS:CCDBF) Shares Gap Down – Here’s Why

CCL Industries Inc. (OTCMKTS:CCDBFGet Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $68.55, but opened at $65.3995. CCL Industries shares last traded at $65.3695, with a volume of 41 shares.

Analyst Upgrades and Downgrades

CCDBF has been the topic of several analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CCL Industries currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on CCL Industries

CCL Industries Stock Performance

The stock’s 50-day moving average is $66.67 and its 200-day moving average is $64.30. The firm has a market capitalization of $10.28 billion and a price-to-earnings ratio of 25.31. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

About CCL Industries

(Get Free Report)

CCL Industries Inc is a Canadian specialty packaging and labeling company headquartered in Toronto, Ontario. The company develops and manufactures innovative packaging, identification and security solutions for consumer, healthcare, industrial and automotive markets.

Its operations include pressure-sensitive, shrink-sleeve and in-mold labels; aluminum and plastic containers; specialty films; tubes; and RFID and electronic article-surveillance products. CCL Industries also provides labeling and packaging solutions for the personal care, household, food, beverage, pharmaceutical and automotive industries, along with consumer and business products sold through its Avery operations.

Founded in 1951, CCL Industries has expanded from a Canadian label manufacturer into a global company serving customers through manufacturing and distribution operations across North America, Europe, Asia, Latin America and other international markets.

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