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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Owens-Illinois ( OI) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Owens-Illinois fell $0.80 (-2.4%) to $32.89 on average volume. Throughout the day, 1,332,351 shares of Owens-Illinois exchanged hands as compared to its average daily volume of 1,226,100 shares. The stock ranged in price between $32.88-$33.93 after having opened the day at $33.84 as compared to the previous trading day's close of $33.69. Other companies within the Consumer Goods sector that declined today were: SGOCO Group ( SGOC), down 8.3%, Tofutti Brands ( TOF), down 5.9%, EveryWare Global ( EVRY), down 5.7% and Castle Brands ( ROX), down 5.4%.

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 $5.6 billion and is part of the consumer non-durables industry. Shares are down 5.8% year to date as of the close of trading on Thursday. Currently there are 6 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 solid stock price performance, growth in earnings per share and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins.

On the positive front, Coldwater Creek ( CWTR), up 29.2%, China XD Plastics ( CXDC), up 10.6%, Select Comfort Corporation ( SCSS), up 10.3% and American Apparel ( APP), up 8.4% , were all gainers within the consumer goods sector with Johnson Controls ( JCI) being today's featured consumer goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector 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.

If you liked this article you might like

This Stock Market Phenomenon Could Trigger Trading Hell on Monday: Market Recon

Charter Says No to Sprint - 5 Things You Must Know Before the Market Opens

5 Things You Must Know Before the Market Opens Monday

Market Recon: The World Is Agog With 'Risk-on' Behavior