Pennon Group (LON:PNN) Shares Down 20.8% – Here’s What Happened

Pennon Group Plc (LON:PNN)’s share price was down 20.8% during trading on Monday . The stock traded as low as GBX 422.60 ($5.28) and last traded at GBX 464.60 ($5.81). Approximately 527,841,875 shares traded hands during trading, an increase of 1,906% from the average daily volume of 26,317,779 shares. The stock had previously closed at GBX 586.26 ($7.33).

Pennon Group Stock Up 1.5 %

The company has a market cap of £1.32 billion, a PE ratio of -11,500.00, a P/E/G ratio of 8.20 and a beta of 0.29. The business has a 50-day simple moving average of GBX 563.98 and a 200-day simple moving average of GBX 580.53. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14.

Pennon Group (LON:PNN) last released its 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 research analysts anticipate that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be paid a GBX 14.69 ($0.18) dividend. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group’s payout ratio is presently -152,500.00%.

Pennon Group Company Profile

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.