Cascades (OTCMKTS:CADNF) Trading Down 0.2% – What’s Next?

Cascades Inc. (OTCMKTS:CADNF) fell 0.2% during mid-day trading on Monday . The stock traded as low as $8.92 and last traded at $8.92. 29,052 shares were traded during mid-day trading, an increase of 75% from the average session volume of 16,619 shares. The stock had previously closed at $8.94.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Securities upgraded shares of Cascades from a “hold” rating to a “buy” rating in a report on Friday, October 17th. National Bankshares reaffirmed a “sector perform” rating on shares of Cascades in a research report on Monday, November 10th. Royal Bank Of Canada raised Cascades from a “sector perform” rating to an “outperform” rating in a report on Monday, October 20th. Finally, Scotiabank reissued an “outperform” rating on shares of Cascades in a research note on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cascades currently has a consensus rating of “Moderate Buy”.

Cascades Stock Performance

The company’s 50-day moving average price is $8.49 and its two-hundred day moving average price is $7.47.

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.