O-I Glass Stock Hits Day Low of $12.84 Amid Price Pressure

O-I Glass, Inc., a small-cap player in the packaging industry, experienced a significant decline today, with its stock price dropping by 13.15%. The stock reached an intraday low of USD 12.84, reflecting ongoing challenges in its financial performance. Over the past week, O-I Glass has seen a decrease of 14.08%, and its monthly performance is down by 17.54%. Despite a year-over-year gain of 12.78%, the company's year-to-date performance stands at a loss of 12.74%. Notably, O-I Glass has faced difficulties in maintaining profitability, as evidenced by a net profit of USD 14.86 million, which has fallen by 77.87%. The company's return on capital employed has also dipped to a concerning -18.69%. With a market capitalization of USD 2,829 million, O-I Glass carries a debt-to-equity ratio of 3.21, indicating a high level of leverage. The stock's price-to-earnings ratio is currently at 16.00, while it offers no dividend yield. These metrics highlight the financial pressures the company is navigating in a competitive market landscape.