Shares of Primo Water Co. (TSE:PRMW – Get Rating) traded down 1.5% during mid-day trading on Wednesday . The company traded as low as C$17.83 and last traded at C$17.86. 89,287 shares changed hands during trading, a decline of 2% from the average session volume of 90,795 shares. The stock had previously closed at C$18.14.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a C$19.00 target price on shares of Primo Water in a research report on Wednesday, June 22nd.
Primo Water Stock Down 2.5 %
The company has a current ratio of 0.78, a quick ratio of 0.53 and a debt-to-equity ratio of 133.04. The company’s 50 day simple moving average is C$17.52.
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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