Pennon Group (LON:PNN) Shares Down 23.1% – What’s Next?

Pennon Group Plc (LON:PNN)’s stock price dropped 23.1% during trading on Monday . The stock traded as low as GBX 422.60 ($5.27) and last traded at GBX 450.80 ($5.63). Approximately 1,764,745 shares traded hands during trading, a decline of 49% from the average daily volume of 3,444,861 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Stock Performance

The stock’s 50 day moving average is GBX 566.82 and its two-hundred day moving average is GBX 581.92. The firm has a market capitalization of £1.25 billion, a P/E ratio of -10,925.00, a P/E/G ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54.

Pennon Group (LON:PNN) last released its earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) 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 analysts anticipate that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

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