Cascades (OTCMKTS:CADNF) Shares Down 2% – What’s Next?

Cascades Inc. (OTCMKTS:CADNF) shares dropped 2% during mid-day trading on Monday. The company traded as low as $12.45 and last traded at $12.45. 9,422 shares were traded during mid-day trading, a decline of 79% from the average session volume of 45,605 shares. The stock had previously closed at $12.70.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. TD Securities restated a “buy” rating on shares of Cascades in a research report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Cascades in a research report on Monday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Cascades in a report on Monday, August 10th. Finally, Scotiabank restated an “outperform” rating on shares of Cascades in a research note on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Cascades Stock Down 2.0%

The stock’s fifty day simple moving average is $12.43 and its 200-day simple moving average is $9.67.

Cascades Company Profile

Cascades Inc is a Canadian company that develops, manufactures and converts packaging and tissue products primarily from recycled, renewable and responsibly managed fibers. Its operations support customers in the consumer goods, food, industrial, commercial and institutional markets.

The company’s product portfolio includes corrugated packaging, specialty and consumer packaging, containerboard, recycled boxboard, tissue papers, hand towels, bathroom tissue and related hygiene products.