Cascades Inc. (OTCMKTS:CADNF – Get Free Report)’s stock price fell 0.9% on Wednesday . The stock traded as low as $8.2165 and last traded at $8.2165. Approximately 18,058 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 25,646 shares. The stock had previously closed at $8.29.
Wall Street Analyst Weigh In
Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Cascades in a report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on Cascades
Cascades Stock Down 0.9%
About Cascades
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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