O-I Glass Inc. (NYSE:OI) traded today at a new 52-week high of $16.74. This new high was reached on below average trading volume as 424,000 shares traded hands, while the average 30-day volume is approximately 2.8 million shares.
Based on a current price of $16.34, O-I Glass Inc. is currently 4.2% above its average consensus analyst price target of $15.65.
O-I Glass Inc 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, North America, and South America.
In the past 52 weeks, O-I Glass Inc. share prices are bracketed by a low of $5.76 and a high of $16.74 and is now at $16.34, 184% above that low price.
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