Pennon Group (LON:PNN) Stock Price Down 20.8% – What’s Next?

Pennon Group Plc (LON:PNN) was down 20.8% during mid-day trading on Tuesday . The stock traded as low as GBX 422.60 ($5.28) and last traded at GBX 464.60 ($5.81). Approximately 527,841,875 shares changed hands during mid-day trading, an increase of 1,906% from the average daily volume of 26,317,779 shares. The stock had previously closed at GBX 586.26 ($7.33).

Pennon Group Stock Up 1.4 %

The company has a debt-to-equity ratio of 343.14, a quick ratio of 1.54 and a current ratio of 0.97. The firm has a market capitalization of £1.33 billion, a PE ratio of -11,665.00, a PEG ratio of 8.20 and a beta of 0.29. The company’s 50 day simple moving average is GBX 563.98 and its 200-day simple moving average is GBX 580.53.

Pennon Group (LON:PNN) last posted its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.74%. On average, analysts forecast that Pennon Group Plc will post 1.0402417 EPS 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 given a dividend of GBX 14.69 ($0.18) per share. This represents a dividend yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group’s dividend payout ratio (DPR) is currently -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.