Cascades Inc. (OTCMKTS:CADNF – Get Free Report) rose 3.3% on Friday . The company traded as high as $7.75 and last traded at $7.75. Approximately 25,265 shares changed hands during trading, an increase of 8% from the average daily volume of 23,463 shares. The stock had previously closed at $7.5005.
Analyst Upgrades and Downgrades
Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Cascades in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Get Our Latest Analysis on CADNF
Cascades Stock Up 3.3%
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.
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