O-I Glass, Inc. (NYSE:OI - Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock traders purchased 2,354 call options on the stock. This is an increase of approximately 3,039% compared to the typical volume of 75 call options.
O-I Glass Stock Performance
O-I Glass stock traded down $0.31 during trading hours on Thursday, hitting $11.47. The stock had a trading volume of 803,151 shares, compared to its average volume of 1,648,161. The company has a 50-day moving average of $12.54 and a two-hundred day moving average of $12.15. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 3.18. O-I Glass has a fifty-two week low of $10.08 and a fifty-two week high of $17.58. The company has a market cap of $1.77 billion, a PE ratio of -4.26 and a beta of 1.20.
O-I Glass (NYSE:OI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.08). O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that O-I Glass will post 0.76 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on OI. Barclays lowered their target price on shares of O-I Glass from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. StockNews.com raised O-I Glass from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Royal Bank of Canada dropped their price objective on O-I Glass from $18.00 to $16.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Citigroup increased their target price on O-I Glass from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Finally, Bank of America raised O-I Glass from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $14.00 to $16.00 in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, O-I Glass presently has an average rating of "Moderate Buy" and a consensus target price of $16.25.
Check Out Our Latest Analysis on O-I Glass
Institutional Investors Weigh In On O-I Glass
Institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. bought a new stake in shares of O-I Glass in the 3rd quarter worth about $27,000. GAMMA Investing LLC increased its holdings in shares of O-I Glass by 371.0% during the third quarter. GAMMA Investing LLC now owns 2,402 shares of the industrial products company's stock worth $32,000 after buying an additional 1,892 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of O-I Glass by 1,337.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,875 shares of the industrial products company's stock worth $32,000 after acquiring an additional 2,675 shares in the last quarter. Nisa Investment Advisors LLC grew its position in O-I Glass by 28.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company's stock worth $67,000 after acquiring an additional 1,136 shares during the last quarter. Finally, KBC Group NV increased its holdings in O-I Glass by 38.9% during the 3rd quarter. KBC Group NV now owns 5,431 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 1,521 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.
O-I Glass Company Profile
(
Get Free Report)
O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.
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