Pennon Group (LON:PNN) Stock Price Down 20.6% – What’s Next?

Pennon Group Plc (LON:PNN) was down 20.6% during trading on Monday . The stock traded as low as GBX 422.60 ($5.19) and last traded at GBX 465.60 ($5.72). 2,519,182 shares were traded during mid-day trading, a decline of 28% from the average session volume of 3,477,662 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Stock Down 20.8 %

The stock has a market cap of £1.33 billion, a price-to-earnings ratio of -11,615.00, a PEG ratio of 8.20 and a beta of 0.29. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14. The business’s fifty day moving average is GBX 572.04 and its two-hundred day moving average is GBX 584.69.

Pennon Group (LON:PNN) last announced its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share (EPS) for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.74%. Equities analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be paid a dividend of GBX 14.69 ($0.18) per share. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group’s payout ratio is -152,500.00%.

Pennon Group Company Profile

At the top end of the FTSE250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive.