CCL Industries (OTCMKTS:CCDBF) Shares Gap Down – Here’s Why

CCL Industries Inc. (OTCMKTS:CCDBF) shares gapped down prior to trading on Monday . The stock had previously closed at $64.3775, but opened at $60.22. CCL Industries shares last traded at $60.49, with a volume of 606 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Securities reaffirmed a “buy” rating on shares of CCL Industries in a research note on Friday, May 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CCL Industries in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

CCL Industries Price Performance

The business’s 50 day moving average is $63.17 and its two-hundred day moving average is $62.76. The firm has a market capitalization of $9.53 billion and a PE ratio of 37.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.42 and a quick ratio of 1.07.

CCL Industries (OTCMKTS:CCDBF) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.84 by $0.03. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. CCL Industries had a net margin of 10.37% and a return on equity of 14.71%.

CCL Industries Company Profile

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.