Primo Water (NASDAQ:PRMW) Rating Lowered to Buy at StockNews.com

Primo Water (NASDAQ:PRMW – Get Rating) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Primo Water Stock Down 1.4 %

Shares of PRMW opened at $15.34 on Wednesday. Primo Water has a one year low of $12.15 and a one year high of $17.57. The company has a quick ratio of 0.60, a current ratio of 0.76 and a debt-to-equity ratio of 0.98. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -80.74 and a beta of 1.08.

About Primo Water

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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.