Cascades (OTCMKTS:CADNF) Shares Down 0.6% – Time to Sell?

Cascades Inc. (OTCMKTS:CADNFGet Free Report)’s share price was down 0.6% during mid-day trading on Wednesday . The company traded as low as $9.91 and last traded at $9.9620. 80,598 shares were traded during trading, an increase of 205% from the average daily volume of 26,400 shares. The stock had previously closed at $10.0235.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CADNF. Scotiabank reissued an “outperform” rating on shares of Cascades in a research report on Friday, July 24th. Canadian Imperial Bank of Commerce raised shares of Cascades from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

View Our Latest Research Report on CADNF

Cascades Price Performance

The company has a 50-day moving average price of $8.17 and a 200-day moving average price of $8.53.

About Cascades

(Get Free Report)

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.

Further Reading

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