Pennon Group (LON:PNN) Stock Price Down 22.7% – What’s Next?

Pennon Group Plc (LON:PNN)’s stock price was down 22.7% during mid-day trading on Monday . The company traded as low as GBX 422.60 ($5.27) and last traded at GBX 453 ($5.65). Approximately 2,128,159 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 3,460,661 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Price Performance

The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54. The stock has a market capitalization of £1.25 billion, a price-to-earnings ratio of -10,925.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The stock has a 50 day moving average price of GBX 566.82 and a 200-day moving average price of GBX 581.92.

Pennon Group (LON:PNN) last announced its 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%. On average, analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Pennon Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, January 30th will be issued a GBX 14.69 ($0.18) dividend. The ex-dividend date is Thursday, January 30th. This represents a yield of 2.53%. 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.