Libbey Stock Gaps Up On Today's Open (LBY)

NEW YORK ( TheStreet) -- Shares of Libbey (AMEX: LBY) were gapping up Thursday morning with an open price 30% higher than Wednesday's closing price. The stock closed at $11.54 Wednesday and opened today's trading at $15.

The average volume for Libbey has been 80,900 shares per day over the past 30 days. Libbey has a market cap of $230.3 million and is part of the consumer goods sector and consumer durables industry. Shares are down 25.4% year to date as of the close of trading on Wednesday.

Libbey Inc., together with its subsidiaries, engages in the design, manufacture, distribution, marketing, and service of tableware products primarily in North America, Latin America, Asia, and Europe. The company has a P/E ratio of 11.7, above the average consumer durables industry P/E ratio of 10.9 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.

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