CCL Industries (OTCMKTS:CCDBF) Shares Gap Up – Here’s Why

CCL Industries Inc. (OTCMKTS:CCDBF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $59.95, but opened at $62.59. CCL Industries shares last traded at $62.59, with a volume of 8 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of CCL Industries in a research note on Friday, May 15th. TD Securities reiterated a “buy” rating on shares of CCL Industries in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, CCL Industries presently has an average rating of “Moderate Buy”.

CCL Industries Trading Up 0.5%

The company has a market cap of $9.61 billion and a price-to-earnings ratio of 37.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.39. The business’s 50 day moving average price is $62.56 and its 200-day moving average price is $62.69.

CCL Industries (OTCMKTS:CCDBF) last announced its earnings results on Wednesday, May 13th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. CCL Industries had a net margin of 10.37% and a return on equity of 14.62%.

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.