Pennon Group (LON:PNN) Stock Price Down 23.1% – Time to Sell?

Pennon Group Plc (LON:PNN) traded down 23.1% during trading on Monday . The company traded as low as GBX 422.60 ($5.19) and last traded at GBX 450.80 ($5.54). 1,764,745 shares traded hands during trading, a decline of 49% from the average session volume of 3,444,861 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Price Performance

The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 343.14. The company has a fifty day moving average price of GBX 572.04 and a two-hundred day moving average price of GBX 584.69. The firm has a market cap of £1.29 billion, a P/E ratio of -11,250.00, a PEG ratio of 8.20 and a beta of 0.29.

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%. Equities analysts anticipate that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Pennon Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, April 4th. Investors 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 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.