Primo Water Co. (TSE:PRMW – Get Rating) shares dropped 1.5% on Wednesday . The company traded as low as C$17.83 and last traded at C$17.86. Approximately 89,287 shares were traded during trading, a decline of 2% from the average daily volume of 90,795 shares. The stock had previously closed at C$18.14.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reiterated a “buy” rating and set a C$19.00 price target on shares of Primo Water in a research report on Wednesday, June 22nd.
Primo Water Stock Performance
The company’s 50-day moving average price is C$17.51. The company has a debt-to-equity ratio of 133.04, a quick ratio of 0.53 and a current ratio of 0.78.
About Primo Water
Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored water, filtration equipment, and coffee. The company offers its products under the Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, Kentwood Springs, Mount Olympus, Pureflo, Nursery, Sierra Springs, Sparkletts, Clear Mountain Natural Spring Water, Earth2O, Renü, and Water Event Pure Water Solutions brands in the United States; Canadian Springs and Labrador Source brands in Canada; and Decantae, Eden, Eden Springs, Chateaud'eau, and Mey Eden brands in Europe and Israel.
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