NEW YORK (

TheStreet

) --

Owens-Illinois

(NYSE:

OI

) hit a new 52-week low Thursday as it is currently trading at $24.14, below its previous 52-week low of $24.19 with 2.1 million shares traded as of 11:57 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Owens-Illinois has a market cap of $4.4 billion and is part of the

consumer goods

sector and

consumer non-durables

industry. Shares are down 15.8% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 17.8, and equal to the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Owens-Illinois as a

hold

. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally poor debt management. You can view the full

Owens-Illinois Ratings Report

.

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