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

Pennon Group Plc (LON:PNN) shares dropped 20.8% during mid-day trading on Monday . The company traded as low as GBX 422.60 ($5.19) and last traded at GBX 464.60 ($5.71). Approximately 527,841,875 shares were traded 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 ($7.20).

Pennon Group Trading Down 20.8 %

The stock’s fifty day moving average price is GBX 572.04 and its 200 day moving average price is GBX 584.69. The stock has a market capitalization of £1.33 billion, a P/E ratio of -11,615.00, a PEG 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 posted 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 net margin of 1.05% and a negative return on equity of 0.74%. Research 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. Investors 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 dividend payout ratio (DPR) 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.