O-I Glass Inc. is a O-I Glass is the world’s largest manufacturer of glass bottles–70% of its revenue comes from outside the United States.
Among the S&P 500’s biggest fallers on Friday December 11 was O-I Glass Inc. (OI). The stock experienced a 4.76% decline to $11.60 with 1.4 million shares changing hands.
O-I Glass Inc. started at an opening price of 11.98 and hit a high of $12.00 and a low of $11.57. Ultimately, the stock took a hit and finished the day at $0.58 per share. O-I Glass Inc. trades an average of n/a shares a day out of a total 157.17 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. O-I Glass Inc. hit a high of $15.65 and a low of $4.31 over the last year.
O-I Glass is the world’s largest manufacturer of glass bottles–70% of its revenue comes from outside the United States. O-I has a market- leading position in key markets like Europe, North America, and Brazil, among others. Beer is the primary end market for O-I’s glass bottles, which are also used for wine, soda, spirits, condiments, and food. In the coming years, O-I is looking to maintain or expand its dominant positions in Europe, Australia/New Zealand, North America, and South America.
With its headquarters located in Perrysburg, OH, O-I Glass Inc. employs 27,500 people. After today’s trading, the company’s market cap has fallen to $1.82 billion, a P/S of n/a, a P/B of 10.94, and a P/FCF of n/a.