CCL Industries (OTCMKTS:CCDBF) Shares Gap Up – What’s Next?

Shares of CCL Industries Inc. (OTCMKTS:CCDBF) gapped up prior to trading 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.

Wall Street Analyst Weigh In

CCDBF has been the subject of several research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of CCL Industries in a research report on Friday, August 14th. Royal Bank Of Canada reiterated an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, CCL Industries presently has a consensus rating of “Moderate Buy”.

CCL Industries Trading Up 1.1%

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

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.