O I Glass Inc (NYSE: OI) has reported E.P.S. of $-0.52 for its third fiscal quarter (ending September 30) versus $0.33 for the same period a year ago — a decline of -258%. E.P.S. were $-2.74 for the latest four quarters through September 30 versus $2.46 for the same period a year ago — a decline of -211%.
Recent Price Action
On 10/29/24, O I Glass Inc (NYSE: OI) stock declined by -2.4%, closing at $12.44. Moreover, this decline was accompanied by exceptionally high trading volume at 212% of normal. The stock has declined -0.6% during the last week and has been 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 90 but a very low Power Rating of 10, triggering 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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