Pennon Group (LON:PNN) Share Price Passes Above 200 Day Moving Average – Here’s Why

Pennon Group Plc (LON:PNN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 596.07 ($7.56) and traded as high as GBX 619.50 ($7.85). Pennon Group shares last traded at GBX 619.50 ($7.85), with a volume of 566,277 shares changing hands.

Pennon Group Stock Up 0.1 %

The firm has a 50 day simple moving average of GBX 573.85 and a two-hundred day simple moving average of GBX 596.07. 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 £1.77 billion, a price-to-earnings ratio of -15,487.50, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

Pennon Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, January 30th will be issued a GBX 14.69 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group’s dividend payout ratio (DPR) is currently -152,500.00%.

Pennon Group Company Profile

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.