NEW YORK ( TheStreet) -- Owens-Illinois Inc (NYSE: OI) hit a new 52-week low Thursday as it is currently trading at $15.82, below its previous 52-week low of $16.01 with 186,637 shares traded as of 9:50 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Owens-Illinois has a market cap of $2.9 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 42.7% year to date as of the close of trading on Wednesday.

Owens-Illinois, Inc., through its subsidiaries, engages in the manufacture and sale of glass containers primarily in Europe, North America, South America, and the Asia Pacific. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7.
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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. You can view the full Owens-Illinois Ratings Report.

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