Silgan (NASDAQ:SLGN) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Silgan (NASDAQ:SLGNGet Rating) from a buy rating to a hold rating in a report issued on Tuesday.

Silgan Stock Performance

SLGN stock opened at $50.79 on Tuesday. The stock’s 50 day moving average price is $52.19. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.39 and a quick ratio of 0.88. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 2.52 and a beta of 0.80. Silgan has a fifty-two week low of $38.59 and a fifty-two week high of $54.59.

About Silgan

(Get Rating)

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, such as pet food, vegetables, soups, proteins, tomato based products, adult nutritional drinks, fruits, and other miscellaneous food products, as well as general line metal containers primarily for chemicals.

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