Pennon Group (LON:PNN) Stock Price Down 24.7% – What’s Next?

Pennon Group Plc (LON:PNN) traded down 24.7% during mid-day trading on Monday . The stock traded as low as GBX 422.60 ($5.19) and last traded at GBX 441.60 ($5.43). 1,586,476 shares changed hands during trading, a decline of 54% from the average session volume of 3,437,110 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Trading Down 23.8 %

The company has a debt-to-equity ratio of 343.14, a quick ratio of 1.54 and a current ratio of 0.97. The firm has a market capitalization of £1.28 billion, a price-to-earnings ratio of -11,161.60, a P/E/G ratio of 8.20 and a beta of 0.29. The business has a fifty day moving average price of GBX 572.04 and a 200 day moving average price of GBX 584.69.

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

Pennon Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 4th. Investors 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.