O-I Glass (NYSE:OI) Reaches New 52-Week Low – Here’s Why

O-I Glass, Inc. (NYSE:OI) shares hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $4.84 and last traded at $4.8450, with a volume of 308,559 shares changing hands. The stock had previously closed at $4.88.

Key Stories Impacting O-I Glass

These are some of the OI stories that stood out recently:

• Positive Sentiment: Zacks Research modestly raised its Q2 2028 EPS estimate to $0.73 from $0.71, offering a small longer-term positive against broader forecast reductions. O-I Glass analyst estimate coverage
• Negative Sentiment: Zacks Research cut its FY2026 EPS estimate to $0.04 from $0.21 and FY2027 to $0.86 from $1.35. It also lowered Q1 2027 and Q4 2027 estimates, signaling weaker expected earnings and adding pressure to the outlook. Zacks Research earnings outlook
• Negative Sentiment: Several law firms highlighted a filed securities class action covering investors who bought O-I Glass shares from March 14, 2025, through July 28, 2026. The complaint reportedly alleges the company misrepresented its 2026 outlook and progress on its Fit to Win savings program. Investors have until December 28, 2026, to seek lead-plaintiff appointment; ongoing litigation creates legal and reputational uncertainty. Class action allegations and deadline

Analyst Ratings Changes

A number of brokerages recently issued reports on OI. Weiss Ratings upgraded shares of O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Robert W. Baird set a $13.00 price target on O-I Glass in a report on Thursday, July 30th. BNP Paribas Exane downgraded O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 price target for the company. in a report on Thursday, July 30th. Citigroup reduced their price target on O-I Glass from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Finally, Truist Financial decreased their price objective on O-I Glass from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, O-I Glass presently has a consensus rating of “Hold” and an average price target of $8.81.

O-I Glass Stock Performance

The stock’s 50 day moving average price is $5.91 and its 200 day moving average price is $9.07. The company has a current ratio of 1.28, a quick ratio of 0.80 and a debt-to-equity ratio of 8.84. The company has a market cap of $756.62 million, a price-to-earnings ratio of -0.63, a P/E/G ratio of 47.34 and a beta of 0.75.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, October 27th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.25). O-I Glass had a positive return on equity of 3.74% and a negative net margin of 18.89%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business posted $0.48 earnings per share. O-I Glass’s revenue was down 1.8% on a year-over-year basis. On average, analysts expect that O-I Glass, Inc. will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On O-I Glass

A number of hedge funds have recently made changes to their positions in OI. BlackRock Inc. acquired a new stake in shares of O-I Glass during the 2nd quarter worth $225,727,000. Dimensional Fund Advisors LP grew its position in O-I Glass by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company’s stock valued at $97,094,000 after acquiring an additional 729,191 shares during the period. Cooper Creek Partners Management LLC grew its position in O-I Glass by 73.8% during the first quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock valued at $73,636,000 after acquiring an additional 2,975,181 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of O-I Glass by 32.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company’s stock worth $44,629,000 after purchasing an additional 1,030,705 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of O-I Glass by 15.6% in the 1st quarter. Bank of America Corp DE now owns 3,563,497 shares of the industrial products company’s stock worth $37,452,000 after purchasing an additional 479,608 shares during the period. Institutional investors and hedge funds own 97.24% of the company’s stock.

O-I Glass Company Profile

O-I Glass, Inc. manufactures glass containers for food and beverage brands. Its products include bottles and jars used for beer, wine, spirits, nonalcoholic beverages, and food, serving customers across consumer and industrial markets. The company traces its roots to the Owens Bottle Company, established in 1903 by glassmaking innovator Michael J. Owens. It later became Owens-Illinois and adopted the O-I Glass name in 2020. O-I Glass serves customers in the Americas and Europe, with operations and sales activities across multiple countries.