CCL Industries (OTCMKTS:CCDBF) Sees Large Volume Increase – Still a Buy?

Shares of CCL Industries Inc. (OTCMKTS:CCDBF) saw unusually-strong trading volume on Wednesday . Approximately 250 shares traded hands during trading, an increase of 257% from the previous session’s volume of 70 shares.The stock last traded at $62.8650 and had previously closed at $63.16.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research note on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CCL Industries has a consensus rating of “Buy”.

CCL Industries Trading Down 0.5%

The stock’s 50-day simple moving average is $60.28 and its 200-day simple moving average is $58.43.

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.