CCL Industries (OTCMKTS:CCDBF) Shares Gap Down – Here’s Why
by Scott Moore · The Cerbat GemCCL Industries Inc. (OTCMKTS:CCDBF – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $63.57, but opened at $60.89. CCL Industries shares last traded at $60.89, with a volume of 102 shares traded.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets reissued an “outperform” rating on shares of CCL Industries in a report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CCL Industries presently has a consensus rating of “Buy”.
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CCL Industries Trading Up 0.5%
The business has a 50-day moving average price of $59.94 and a 200 day moving average price of $58.28.
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.