Cascades (OTCMKTS:CADNF) Stock Price Down 0.6% – Here’s What Happened

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

Analyst Ratings Changes

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

Cascades Trading Down 0.6%

The company’s 50-day simple moving average is $8.17 and its 200 day simple moving average is $8.53.

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.