Pennon Group (LON:PNN) Trading Down 21.2% – What’s Next?

Pennon Group Plc (LON:PNN)’s share price fell 21.2% during mid-day trading on Monday . The stock traded as low as GBX 422.60 ($5.19) and last traded at GBX 462.20 ($5.68). 126,897,828 shares changed hands during mid-day trading, an increase of 1,328% from the average session volume of 8,885,430 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Stock Performance

The firm’s 50 day moving average price is GBX 572.04 and its 200-day moving average price is GBX 584.69. The firm has a market cap of £1.33 billion, a price-to-earnings ratio of -11,615.00, a P/E/G 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 announced its quarterly earnings data 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 anticipate that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Pennon Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be given a GBX 14.69 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 2.53%. Pennon Group’s dividend payout ratio (DPR) is currently -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.