Primo Water Corporation (PRMW) is priced at $14.12 after the most recent trading session. At the very opening of the session, the stock price was $14.02 and reached a high price of $14.19, prior to closing the session it reached the value of $14.01. The stock touched a low price of $13.925.
Recently in News on August 10, 2020, Primo Water Corporation Announces Acquisition of Substantially All of the Assets of Mountain Glacier Located in Texas and Tennessee, Adding Over 2,500 Customers. TAMPA, Fla., Aug. 10, 2020 /CNW/ – Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the “Company” or “Primo”), a leading provider of water direct to consumers and water filtration services in North America and Europe as well as a leading provider of water dispensers, purified bottled water, and self-service refill drinking water in the U.S. and Canada, today announced that Primo Water North America, a wholly-owned subsidiary of Primo, has acquired substantially all of the assets of Mountain Glacier LLC (“Mountain Glacier”) located in Texas and Tennessee. . You can read further details here
Primo Water Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $16.00 on 02/24/20, with the lowest value was $6.33 for the same time period, recorded on 03/18/20.
Primo Water Corporation (PRMW) full year performance was 11.80%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Primo Water Corporation shares are logging -11.75% during the 52-week period from high price, and 123.06% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $6.33 and $16.00.
The company’s shares, operating in the sector of Consumer Defensive managed to top a trading volume set approximately around 1185318 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Primo Water Corporation (PRMW) recorded performance in the market was 3.22%, having the revenues showcasing 13.32% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.25B, as it employees total of 11580 workers.
Specialists analysis on Primo Water Corporation (PRMW)
During the last month, 0 analysts gave the Primo Water Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 12.69, with a change in the price was noted +4.54. In a similar fashion, Primo Water Corporation posted a movement of +47.39% for the period of last 100 days, recording 1,688,415 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PRMW is recording 1.12 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.95.
Trends and Technical analysis: Primo Water Corporation (PRMW)
Raw Stochastic average of Primo Water Corporation in the period of last 50 days is set at 46.63%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 33.53%. In the last 20 days, the company’s Stochastic %K was 21.60% and its Stochastic %D was recorded 16.09%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 3.22%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -7.71%, alongside a boost of 11.80% for the period of the last 12 months. The shares increased approximately by 1.07% in the 7-day charts and went up by -0.21% in the period of the last 30 days. Common stock shares were driven by 13.32% during last recorded quarter.