Pennon Group (LON:PNN) Trading Down 21.2% – What’s Next?

Pennon Group Plc (LON:PNN) was down 21.2% during mid-day trading on Monday . The company traded as low as GBX 422.60 ($5.19) and last traded at GBX 462.20 ($5.68). Approximately 126,897,828 shares were traded during mid-day trading, an increase of 1,328% from the average daily volume of 8,885,430 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Stock Down 20.8 %

The business’s 50-day moving average price is GBX 572.04 and its 200-day moving average price is GBX 584.69. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14. The firm has a market capitalization of £1.33 billion, a PE ratio of -11,615.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last posted 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 return on equity of 0.74% and a negative net margin of 1.05%. As a group, equities research analysts predict that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be given a dividend of GBX 14.69 ($0.18) per share. 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.