Cascades (OTCMKTS:CADNF) Shares Down 0.5% – Here’s What Happened

Cascades Inc. (OTCMKTS:CADNF) fell 0.5% during trading on Tuesday . The stock traded as low as $9.39 and last traded at $9.4905. 31,163 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 27,659 shares. The stock had previously closed at $9.54.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CADNF shares. National Bankshares reaffirmed a “sector perform” rating on shares of Cascades in a research note on Monday, November 10th. Royal Bank Of Canada raised Cascades from a “sector perform” rating to an “outperform” rating in a research report on Monday, October 20th. TD Securities upgraded Cascades from a “hold” rating to a “buy” rating in a research note on Friday, October 17th. Finally, Scotiabank reissued an “outperform” rating on shares of Cascades in a research note on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Cascades Price Performance

The stock’s 50-day simple moving average is $9.17 and its 200 day simple moving average is $8.03.

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.