NEW YORK (TheStreet) -- Shares of Keurig Green Mountain (GMCR) are down 3.06% to $135.50 in pre-market trade after the specialty coffee and coffeemaker business said it would recall over 6.6 million hot beverage-brewing machines in the U.S. that could overheat liquids and burn users.
The machines being recalled are Keurig Mini Plus brewers with the model number K10 and serial numbers starting with 31, the company said on its website.
The company will also recall 564,000 units in Canada.
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Separately, TheStreet Ratings team rates KEURIG GREEN MOUNTAIN INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate KEURIG GREEN MOUNTAIN INC (GMCR) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."