Libbey Inc. (NYSEAMERICAN:LBY) CEO Michael P. Bauer acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $2.54 per share, with a total value of $25,400.00. Following the acquisition, the chief executive officer now directly owns 1,200 shares of the company’s stock, valued at $3,048. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of LBY opened at $2.56 on Monday. Libbey Inc. has a one year low of $2.45 and a one year high of $11.54.
Libbey (NYSEAMERICAN:LBY) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.05). The company had revenue of $175.65 million during the quarter.
Separately, Zacks Investment Research raised Libbey from a “strong sell” rating to a “hold” rating and set a $3.00 price objective for the company in a report on Tuesday, April 30th.
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Libbey Inc designs, produces, and sells tableware and other products in the United States, Canada, Latin America, Europe, the Middle East, Africa, and internationally. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.
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