CCL Industries (OTCMKTS:CCDBF) Shares Gap Down – Time to Sell?

CCL Industries Inc. (OTCMKTS:CCDBF) shares gapped down before the market opened on Monday . The stock had previously closed at $65.84, but opened at $60.2501. CCL Industries shares last traded at $62.61, with a volume of 1,047 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research note on Thursday, December 18th. Scotiabank downgraded shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

CCL Industries Stock Performance

The company has a 50-day simple moving average of $63.52 and a two-hundred day simple moving average of $60.20.

CCL Industries (OTCMKTS:CCDBF) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.05). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion.

About CCL Industries

CCL Industries is a global specialty packaging company focused on the design and manufacture of pressure-sensitive and speciality labels, flexible packaging, tubes, and security products. The company serves a wide range of end markets, including consumer goods, healthcare, personal care, food and beverage, automotive, electronics, and industrial markets. Its portfolio comprises pressure-sensitive labels, shrink sleeves, in-mold labels, flexible packaging for food and other consumer products, and security-focused solutions such as tamper-evident seals and authentication systems.

Founded in 1951 and headquartered in Toronto, Ontario, CCL Industries has grown through a combination of organic innovation and strategic acquisitions.