O-I Glass (NYSE:OI) Shares Down 5.5% – Should You Sell?

O-I Glass, Inc. (NYSE:OI)’s share price traded down 5.5% on Tuesday. The company traded as low as $4.88 and last traded at $4.9150. 2,087,654 shares were traded during trading, a decline of 29% from the average session volume of 2,945,113 shares. The stock had previously closed at $5.20.

More O-I Glass News

Here are the key news stories impacting O-I Glass this week:

• Negative Sentiment: The lawsuit covers investors who bought O-I Glass shares between March 14, 2025, and July 28, 2026. It alleges securities-law violations and claims the company did not disclose delays in its Fit to Win savings program and European energy-cost pressures while reaffirming multi-year targets. These are allegations, not proven findings. Levi & Korsinsky lawsuit notice
• Negative Sentiment: Investors have until December 28, 2026, to seek appointment as lead plaintiff. The repeated law-firm announcements are largely reminders about the same case, rather than reports of a new development. The ongoing litigation may weigh on sentiment amid O-I Glass’s weak recent results and substantial debt. Lead plaintiff deadline notice

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OI shares. Bank of America lowered O-I Glass from a “buy” rating to an “underperform” rating and set a $11.00 target price on the stock. in a research report on Tuesday, July 14th. UBS Group lowered shares of O-I Glass from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $11.00 to $6.00 in a research note on Monday, October 5th. Robert W. Baird set a $13.00 price target on shares of O-I Glass in a report on Thursday, July 30th. Weiss Ratings cut O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. Finally, Truist Financial reduced their price target on shares of O-I Glass from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.81.

O-I Glass Price Performance

The company has a current ratio of 1.28, a quick ratio of 0.80 and a debt-to-equity ratio of 8.84. The business’s fifty day moving average is $6.16 and its 200 day moving average is $9.38. The firm has a market capitalization of $828.98 million, a P/E ratio of -0.69, a P/E/G ratio of 12.23 and a beta of 0.75.

O-I Glass (NYSE:OI) last issued its earnings results on Tuesday, October 27th. The industrial products company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.25). The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.64 billion. O-I Glass had a positive return on equity of 3.74% and a negative net margin of 18.89%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. As a group, analysts forecast that O-I Glass, Inc. will post 0.06 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in O-I Glass in the 2nd quarter worth approximately $33,436,000. BlackRock Inc. bought a new position in O-I Glass during the second quarter valued at approximately $225,727,000. JB Capital Partners LP acquired a new stake in shares of O-I Glass in the 2nd quarter valued at $2,937,150. Wellington Management Group LLP boosted its stake in shares of O-I Glass by 8.0% during the 2nd quarter. Wellington Management Group LLP now owns 2,131,797 shares of the industrial products company’s stock worth $20,529,000 after acquiring an additional 157,472 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in O-I Glass during the second quarter valued at approximately $10,046,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

About O-I Glass

O-I Glass, Inc is a global manufacturer of glass packaging products. The company produces glass bottles and jars primarily for the food, beverage, beer, wine, spirits, and pharmaceutical industries, serving brand owners and consumer-products companies.

Its products are designed to provide packaging, preservation, and presentation for a range of consumer goods. O-I also offers glass packaging in various shapes, sizes, and colors, including custom solutions developed for individual brands.

The company traces its history to the Owens Bottle Company, founded in 1903, and the Illinois Glass Company.