CCL Industries (OTCMKTS:CCDBF) Shares Gap Down – Should You Sell?
by Renee Jackson · The Cerbat GemCCL Industries Inc. (OTCMKTS:CCDBF – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $64.3775, but opened at $60.22. CCL Industries shares last traded at $60.49, with a volume of 606 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on CCDBF shares. Royal Bank Of Canada restated an “outperform” rating on shares of CCL Industries in a report on Friday, May 15th. TD Securities restated a “buy” rating on shares of CCL Industries in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, CCL Industries presently has an average rating of “Moderate Buy”.
View Our Latest Analysis on CCDBF
CCL Industries Price Performance
The company’s 50-day moving average price is $63.18 and its 200-day moving average price is $62.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.42 and a quick ratio of 1.07. The company has a market cap of $9.65 billion and a P/E ratio of 37.57.
CCL Industries (OTCMKTS:CCDBF – Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. CCL Industries had a net margin of 10.37% and a return on equity of 14.71%.
About CCL Industries
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.