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

Owens-Illinois was a leading decliner within the consumer non-durables industry, falling $0.45 (-1.5%) to $28.88 on average volume
By TheStreet Wire ,

Owens-Illinois

(

OI

) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Owens-Illinois fell $0.45 (-1.5%) to $28.88 on average volume. Throughout the day, 1,209,400 shares of Owens-Illinois exchanged hands as compared to its average daily volume of 1,201,300 shares. The stock ranged in price between $28.78-$29.49 after having opened the day at $29.43 as compared to the previous trading day's close of $29.33. Other companies within the Consumer Non-Durables industry that declined today were:

Female Health Company

(

FHCO

), down 6.9%,

Orient Paper

(

ONP

), down 5.0%,

Crocs

(

CROX

), down 4.5% and

Verso Paper

(

VRS

), down 3.7%.

Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. Owens-Illinois has a market cap of $4.9 billion and is part of the consumer goods sector. Shares are up 38.6% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Owens-Illinois a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Owens-Illinois

as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins.

On the positive front,

Mannatech

(

MTEX

), up 9.6%,

Ever-Glory International Group

(

EVK

), up 9.1%,

STR Holdings

(

STRI

), up 7.2% and

Herbalife

(

HLF

), up 6.7% , were all gainers within the consumer non-durables industry with

Avon Products

(

AVP

) being today's featured consumer non-durables industry leader.

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

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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