Cascades (OTCMKTS:CADNF) Stock Price Down 0.9% – What’s Next?

Cascades Inc. (OTCMKTS:CADNF) shares traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as $7.6950 and last traded at $7.6950. 20,654 shares changed hands during trading, a decline of 3% from the average session volume of 21,193 shares. The stock had previously closed at $7.7641.

Wall Street Analyst Weigh In

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Cascades in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Cascades Stock Performance

The company has a fifty day moving average of $8.32 and a two-hundred day moving average of $8.72.

About Cascades

Cascades Inc is a Canadian leader in the production, conversion and marketing of packaging and tissue products composed mainly of recycled fibres. Headquartered in Kingsey Falls, Quebec, the company operates a network of manufacturing facilities across North America and Europe. Since its founding in 1964, Cascades has focused on sustainable solutions that meet the needs of consumer goods companies, retailers and foodservice businesses.

The company’s operations are organized into three primary segments: packaging specialties, tissue papers and recovery and recycling.