CCL Industries (OTCMKTS:CCDBF) Sees Unusually-High Trading Volume – Still a Buy?

Shares of CCL Industries Inc. (OTCMKTS:CCDBF) saw an uptick in trading volume on Friday . 4,703 shares changed hands during mid-day trading, an increase of 901% from the previous session’s volume of 470 shares.The stock last traded at $62.47 and had previously closed at $61.9450.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Scotiabank downgraded CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

CCL Industries Trading Up 1.1%

The firm has a 50-day moving average of $62.00 and a two-hundred day moving average of $59.07.

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.