For its second fiscal quarter (ending June 30), O I Glass Inc (NYSE: OI) has reported E.P.S. of $0.37 compared to $0.71 a year ago. E.P.S. were $-1.89 for the latest four quarters through June 30 versus $3.62 for the same period a year ago.
Recent Price Action
O I Glass Inc (NYSE: OI) stock increased 1.5% on 7/30/24. The shares closed at $11.62. Moreover, this advance was accompanied by unusually high trading volume at 160% of normal. The stock has risen 1.5% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
OI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
O I Glass has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. O I Glass has a very high Appreciation Score of 92 but a very low Power Rating of 7, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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