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