Pennon Group (LON:PNN) Shares Down 22.8% – Here’s Why

Pennon Group Plc (LON:PNN)’s stock price fell 22.8% during trading on Monday . The stock traded as low as GBX 422.60 ($5.19) and last traded at GBX 452.80 ($5.56). 1,985,180 shares were traded during mid-day trading, a decline of 43% from the average session volume of 3,454,445 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Price Performance

The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54. The stock has a market cap of £1.29 billion, a P/E ratio of -11,263.73, a P/E/G ratio of 8.20 and a beta of 0.29. The company’s 50 day simple moving average is GBX 572.04 and its 200 day simple moving average is GBX 584.69.

Pennon Group (LON:PNN) last issued its earnings results 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%. As a group, equities analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Pennon Group Cuts Dividend

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

About Pennon Group

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.