Primo Water Stock Gaps Down On Today's Open (PRMW)

NEW YORK (TheStreet) -- Shares of Primo Water Corporation (Nasdaq:PRMW) were gapping down Friday morning with an open price 11% lower than Thursday's closing price. The stock closed at $2.92 Thursday and opened today's trading at $2.60.

The average volume for Primo Water has been 585,000 shares per day over the past 30 days. Primo Water has a market cap of $65.7 million and is part of the consumer goods sector and food & beverage industry. Shares are down 3.9% year to date as of the close of trading on Thursday.

Primo Water Corporation, together with its subsidiaries, provides multi-gallon purified bottled water, self-serve filtered drinking water, and water dispensers in the United States and Canada. It operates in three segments: Primo Bottled Water Exchange, Primo Refill, and Primo Products. The company has a P/E ratio of 1.4, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Primo Water as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and poor profit margins. You can view the full Primo Water Ratings Report.

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