NEW YORK ( TheStreet) -- Shares of Libbey (AMEX: LBY) were gapping down Friday morning with an open price 10.9% lower than Thursday's closing price. The stock closed at $11.72 Thursday and opened today's trading at $10.44. The average volume for Libbey has been 86,200 shares per day over the past 30 days. Libbey has a market cap of $239.8 million and is part of the consumer goods sector and consumer durables industry. Shares are down 24.2% year to date as of the close of trading on Thursday. Libbey Inc., together with its subsidiaries, engages in the design, manufacture, marketing, and supply of tableware products primarily in North America, Latin America, Asia, and Europe. The company has a P/E ratio of 12.2, above the average consumer durables industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Libbey as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and weak operating cash flow. You can view the full Libbey Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.