Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Libbey (LBY) Share Price

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Press coverage about Libbey (NASDAQ:LBY) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Libbey earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.3144902802459 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Separately, Dougherty & Co upgraded shares of Libbey from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, August 1st.

NASDAQ LBY traded down $0.01 on Friday, reaching $9.59. 297,400 shares of the company’s stock traded hands, compared to its average volume of 235,839. Libbey has a fifty-two week low of $4.60 and a fifty-two week high of $11.54.

Libbey (NASDAQ:LBY) last posted its earnings results on Tuesday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $214.47 million for the quarter.

About Libbey

Libbey Inc designs, produces, and sells tableware and other products worldwide. 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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