Cascades (OTCMKTS:CADNF) Trading Down 4.4% – Here’s What Happened

Cascades Inc. (OTCMKTS:CADNF) shares fell 4.4% during mid-day trading on Thursday . The company traded as low as $7.61 and last traded at $7.61. 57,248 shares were traded during trading, an increase of 162% from the average session volume of 21,872 shares. The stock had previously closed at $7.96.

Analyst Ratings Changes

A number of research firms have recently issued reports on CADNF. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Cascades in a research report on Monday, May 11th. Scotiabank reissued an “outperform” rating on shares of Cascades in a research report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Cascades Price Performance

The business has a 50 day simple moving average of $7.99 and a 200 day simple moving average of $8.74.

Cascades Company Profile

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.