Primo Water Stock Gaps Down On Today's Open (PRMW)
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 yesterday and opened today's trading at $2.60.
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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.