CCL Industries (OTCMKTS:CCDBF) Trading Up 7.4% – Here’s Why

CCL Industries Inc. (OTCMKTS:CCDBF)’s share price was up 7.4% during mid-day trading on Monday . The company traded as high as $68.0850 and last traded at $68.03. Approximately 42 shares traded hands during trading, a decline of 98% from the average daily volume of 2,072 shares. The stock had previously closed at $63.34.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CCDBF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CCL Industries in a research note on Friday. Scotiabank cut shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. Finally, TD Securities restated a “buy” rating on shares of CCL Industries in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, CCL Industries has an average rating of “Moderate Buy”.

CCL Industries Stock Performance

The firm has a market capitalization of $10.19 billion and a PE ratio of 85.59. 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 business has a 50-day simple moving average of $62.96 and a 200-day simple moving average of $62.13.

CCL Industries (OTCMKTS:CCDBF) last announced its earnings results on Wednesday, May 13th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.03. CCL Industries had a net margin of 10.37% and a return on equity of 14.71%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion.

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.