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Libbey Inc. (LBY) manufactures and markets glass tableware products worldwide.
It offers glass tableware products comprising tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and various other items; glass bakeware; handmade glass tableware; and other glass products for original equipment manufacturers, including blender jars and washing machine windows. The company also provides ceramic dinnerware products, such as plates, bowls, platters, cups, saucers, and other tableware accessories; metal flatware consisting of knives, forks, spoons and serving utensils; and metal hollowware comprising serving trays, pitchers, and other metal tableware accessories, as well as a line of ceramic dinnerware.
In addition, it distributes Luigi Bormioli glassware in the United States, Canada, and Mexico to foodservice users; Spiegelau fine stemware and other drinkware assortments; and Nachtmann upscale serveware, decorative products, stemware, and drinkware for finer dining establishments. Libbey Inc. offers its products under Libbey, Crisa, Royal Leerdam, World Tableware, Syracuse China, and Crisal Glass brand names.
The company markets its products to foodservice distributors, mass merchants, department stores, retail distributors, national retail chains, specialty housewares stores, candle and food packers, decorators, breweries, distilleries, craft industries, gourmet food-packing companies, and customers using glass containers for candle and floral applications.
Shares have formed a bullish "cup & handle" and are on the verge of moving higher. The company reported its quarterly results on November 4th posting EPS on 62 cents.
This is a low volume stock, use a Limit Order.
52-Week Trading Range: $19.19 - $30.80
Entry Point: $29.50
Stop Loss: $28.02
Targer Price: $32.45
We are taking profits on LBY after its 30 days expired. Closed at $31.06 for a 5.0%+ gain.
