CCL Industries (OTCMKTS:CCDBF) Shares Gap Down – Time to Sell?

Shares of CCL Industries Inc. (OTCMKTS:CCDBF) gapped down prior to trading on Tuesday . The stock had previously closed at $63.16, but opened at $59.50. CCL Industries shares last traded at $59.50, with a volume of 3 shares traded.

Wall Street Analyst Weigh In

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

CCL Industries Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.42. The firm has a market cap of $10.37 billion and a P/E ratio of 86.73. The company has a 50-day moving average of $63.42 and a 200 day moving average of $60.83.

CCL Industries (OTCMKTS:CCDBF) last posted its earnings results on Wednesday, February 25th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.05). CCL Industries had a return on equity of 14.69% and a net margin of 10.47%.The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion.

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.