Cascades (OTCMKTS:CADNF) Stock Price Down 0.5% – What’s Next?

Cascades Inc. (OTCMKTS:CADNF) was down 0.5% on Tuesday . The stock traded as low as $9.5801 and last traded at $9.5850. Approximately 38,923 shares traded hands during mid-day trading, an increase of 146% from the average daily volume of 15,840 shares. The stock had previously closed at $9.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CADNF shares. TD Securities upgraded Cascades from a “hold” rating to a “buy” rating in a research report on Friday, October 17th. Royal Bank Of Canada upgraded shares of Cascades from a “sector perform” rating to an “outperform” rating in a research note on Monday, October 20th. Scotiabank reiterated an “outperform” rating on shares of Cascades in a research note on Monday, November 10th. Finally, National Bankshares reaffirmed a “sector perform” rating on shares of Cascades in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Cascades Price Performance

The firm has a fifty day moving average of $8.91 and a 200-day moving average of $7.74.

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.