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Shares of Libbey (NYSE:LBY) reached a new 52-week high during mid-day trading on Thursday , AnalystRatings.NET reports. The company traded as high as $27.79 and last traded at $27.79, with a volume of 12,177 shares changing hands. The stock had previously closed at $27.10.

LBY has been the subject of a number of recent research reports. Analysts at Dougherty & Co initiated coverage on shares of Libbey in a research note on Wednesday, May 14th. They set a “buy” rating and a $40.00 price target on the stock. Analysts at TheStreet upgraded shares of Libbey from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th.

The stock has a 50-day moving average of $26.25 and a 200-day moving average of $23.64. The company has a market cap of $599.2 million and a price-to-earnings ratio of 25.49.

Libbey (NYSE:LBY) last announced its earnings results on Thursday, May 1st. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.42. The company had revenue of $181.60 million for the quarter, compared to the consensus estimate of $178.70 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts predict that Libbey will post $2.38 earnings per share for the current fiscal year.

Libbey Inc (NYSE:LBY) is a producer of glass tableware products in the Western Hemisphere, in addition to supplying to key markets throughout the world.

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