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

Shares of CCL Industries Inc. (OTCMKTS:CCDBF) gapped up before the market opened on Wednesday . The stock had previously closed at $68.1975, but opened at $72.87. CCL Industries shares last traded at $66.78, with a volume of 6 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on CCDBF. Royal Bank Of Canada reiterated an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of CCL Industries in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, CCL Industries presently has an average rating of “Moderate Buy”.

CCL Industries Trading Up 1.1%

The company’s 50 day simple moving average is $66.39 and its 200-day simple moving average is $64.28. The firm has a market cap of $10.83 billion and a P/E ratio of 26.69. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 0.35.

CCL Industries Company Profile

CCL Industries Inc is a Canadian specialty packaging and labeling company headquartered in Toronto, Ontario. The company develops and manufactures innovative packaging, identification and security solutions for consumer, healthcare, industrial and automotive markets.

Its operations include pressure-sensitive, shrink-sleeve and in-mold labels; aluminum and plastic containers; specialty films; tubes; and RFID and electronic article-surveillance products. CCL Industries also provides labeling and packaging solutions for the personal care, household, food, beverage, pharmaceutical and automotive industries, along with consumer and business products sold through its Avery operations.

Founded in 1951, CCL Industries has expanded from a Canadian label manufacturer into a global company serving customers through manufacturing and distribution operations across North America, Europe, Asia, Latin America and other international markets.