Libbey Inc. (NYSEAMERICAN: LBY)
ALERT – MAJOR PRICE DECLINE
Major Price Decline
Libbey Inc. (NYSEAMERICAN: LBY) stock suffered a major decline of -10.1% on 11/29/18. The shares closed at $6.24. However, trading volume in this decline was exceptionally low at 43% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LBY is expected to continue to be a major Value Builder.
Libbey has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Libbey has a good Appreciation Score of 78 and a very high Power Rating of 90, and the Highest Value Trend Rating results.
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.