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

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

Pennon Group Trading Up 1.5 %

The business has a fifty day moving average price of GBX 566.82 and a 200 day moving average price of GBX 581.92. The firm has a market cap of £1.32 billion, a PE ratio of -11,500.00, a P/E/G ratio of 8.20 and a beta of 0.29. 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 announced its quarterly earnings results 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%. Analysts forecast that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be given a GBX 14.69 ($0.18) dividend. This represents a yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group’s dividend payout ratio (DPR) is presently -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.