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Owens-Illinois Inc (OI): Today's Featured Consumer Non-Durables Loser

The consumer non-durables industry closed the day up 2.2%. China Xiniya Fashion ( XNY), Tufco Technologies ( TFCO), Zuoan Fashion ( ZA), and China XD Plastics ( CXDC) were all decliners today within the consumer non-durables industry with Owens-Illinois Inc ( OI) being today's featured consumer non-durables loser. Owens-Illinois Inc fell 51 cents (-3.6%) to $14.55 on average volume. Throughout the day, 2.5 million shares of Owens-Illinois Inc exchanged hands as compared to its average daily volume of 2.7 million shares.

Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass containers primarily in Europe, North America, South America, and the Asia Pacific. It produces glass containers for beer, ready-to-drink low alcohol refreshers, spirits, wine, food, tea, juice, and pharmaceuticals. Owens-Illinois Inc has a market cap of $2.5 billion and is part of the consumer goods sector. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are down 54.3% year to date as of the close of trading on Monday.

TheStreet Ratings rates Owens-Illinois as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally poor debt management.

On the positive front, Quiksilver Inc ( ZQK), K-Swiss Inc ( KSWS), Mannatech Inc ( MTEX), and Delta Apparel Inc ( DLA) were all gainers within the consumer non-durables industry with Procter & Gamble ( PG) being today's featured consumer non-durables industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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