Pennon Group (LON:PNN) Stock Price Down 22.1% – Should You Sell?

Pennon Group Plc (LON:PNN)’s share price fell 22.1% on Monday . The company traded as low as GBX 422.60 ($5.19) and last traded at GBX 456.60 ($5.61). Approximately 2,193,015 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 3,463,481 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Trading Down 22.1 %

The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14. The company has a market capitalization of £1.31 billion, a price-to-earnings ratio of -11,415.00, a P/E/G ratio of 8.20 and a beta of 0.29. The company has a 50-day moving average price of GBX 572.04 and a 200-day moving average price of GBX 584.69.

Pennon Group (LON:PNN) last issued 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%. Research analysts predict that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders 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 is -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.