CCL Industries (OTCMKTS:CCDBF) Sees Unusually-High Trading Volume – What’s Next?

CCL Industries Inc. (OTCMKTS:CCDBF) saw unusually-strong trading volume on Wednesday . Approximately 931 shares traded hands during mid-day trading, an increase of 112% from the previous session’s volume of 440 shares.The stock last traded at $64.87 and had previously closed at $66.71.

Analyst Upgrades and Downgrades

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

CCL Industries Stock Down 2.9%

The stock’s fifty day simple moving average is $62.94 and its two-hundred day simple moving average is $59.75.

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.