Pennon Group (LON:PNN) Trading Down 20.4% – What’s Next?

Pennon Group Plc (LON:PNN) shares dropped 20.4% during trading on Monday . The company traded as low as GBX 422.60 ($5.19) and last traded at GBX 466.80 ($5.74). Approximately 2,457,815 shares were traded during trading, a decline of 29% from the average daily volume of 3,474,994 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Stock Down 19.7 %

The business’s fifty day simple moving average is GBX 572.04 and its 200 day simple moving average is GBX 584.69. 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 stock has a market cap of £1.35 billion, a price-to-earnings ratio of -11,774.00, a price-to-earnings-growth 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 (EPS) for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.74%. Equities analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

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