Libbey (LBY) Trading Down 6%
Libbey Inc. (NYSEAMERICAN:LBY) traded down 6% on Wednesday . The stock traded as low as $8.72 and last traded at $8.95. 545,555 shares were traded during mid-day trading, an increase of 129% from the average session volume of 238,707 shares. The stock had previously closed at $9.52.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Libbey from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Saturday, June 23rd. Dougherty & Co raised shares of Libbey from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Wednesday, August 1st.
Libbey (NYSEAMERICAN:LBY) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.06. Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%. The company had revenue of $214.47 million during the quarter.
About Libbey (NYSEAMERICAN:LBY)
Libbey Inc designs, produces, and sells tableware and other products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.
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