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

Shares of CCL Industries Inc. (OTCMKTS:CCDBF) gapped down prior to trading on Monday . The stock had previously closed at $65.84, but opened at $60.2501. CCL Industries shares last traded at $62.61, with a volume of 1,047 shares.

Analyst Ratings Changes

Several analysts have recently commented on CCDBF shares. Scotiabank downgraded shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

CCL Industries Trading Down 1.3%

The company has a 50-day moving average of $63.52 and a 200-day moving average of $60.25.

CCL Industries (OTCMKTS:CCDBF) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.74 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 analyst estimates 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.