Pennon Group (LON:PNN) Stock Price Down 22.1% – What’s Next?

Shares of Pennon Group Plc (LON:PNN) dropped 22.1% during mid-day trading on Monday . The stock traded as low as GBX 422.60 ($5.27) and last traded at GBX 456.60 ($5.70). Approximately 2,193,015 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 3,463,481 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Trading Down 3.5 %

The firm has a market capitalization of £1.25 billion, a PE ratio of -10,925.00, a P/E/G ratio of 8.20 and a beta of 0.29. The firm has a 50 day simple moving average of GBX 566.82 and a 200 day simple moving average of GBX 581.92. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 343.14.

Pennon Group (LON:PNN) last released its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) 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 expect that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be issued a dividend of GBX 14.69 ($0.18) per share. The ex-dividend date of this dividend 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.