Pennon Group (LON:PNN) Trading Down 20.8% – What’s Next?

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

Pennon Group Price Performance

The business has a fifty day moving average price of GBX 563.98 and a 200 day moving average price of GBX 580.53. The company has a market capitalization of £1.32 billion, a price-to-earnings ratio of -11,500.00, a price-to-earnings-growth 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 issued its quarterly 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 return on equity of 0.74% and a negative net margin of 1.05%. On average, research analysts expect that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal 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. 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 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.