Cascades (TSE:CAS) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Cascades Inc. (TSE:CAS - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.34 and traded as low as C$9.14. Cascades shares last traded at C$9.25, with a volume of 215,859 shares trading hands.

Analysts Set New Price Targets

CAS has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered their price target on Cascades from C$13.00 to C$11.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd. TD Securities downgraded Cascades from a "buy" rating to a "hold" rating and lowered their price target for the company from C$12.00 to C$9.50 in a report on Friday, May 9th. National Bankshares lowered their price target on Cascades from C$14.00 to C$11.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Finally, CIBC lowered their price target on Cascades from C$13.00 to C$10.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$11.40.

Cascades Trading Down 1.6%

The firm has a market cap of C$932.61 million, a PE ratio of -12.43, a PEG ratio of 0.56 and a beta of 0.15. The business has a 50-day moving average price of C$8.96 and a two-hundred day moving average price of C$10.32. The company has a debt-to-equity ratio of 121.37, a current ratio of 1.22 and a quick ratio of 0.86.

Cascades Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, June 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Thursday, May 22nd. Cascades's dividend payout ratio (DPR) is -64.73%.

Insider Buying and Selling

In other news, Director Alex Nick Blanco acquired 7,331 shares of Cascades stock in a transaction dated Tuesday, June 10th. The shares were acquired at an average cost of C$9.32 per share, with a total value of C$68,328.74. Also, Senior Officer Allan Hogg sold 29,496 shares of Cascades stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of C$8.75, for a total value of C$258,090.00. Insiders have sold 119,911 shares of company stock worth $1,068,804 over the last ninety days. Insiders own 23.78% of the company's stock.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.