Pennon Group (LON:PNN) Trading Down 20.8% – Time to Sell?

Pennon Group Plc (LON:PNN)’s share price was down 20.8% during trading on Monday . The company traded as low as GBX 422.60 ($5.26) and last traded at GBX 464.60 ($5.78). Approximately 527,841,875 shares traded hands during mid-day 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 ($7.29).

Pennon Group Price Performance

The firm has a market capitalization of £1.33 billion, a P/E ratio of -11,615.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 343.14. The business has a 50-day moving average of GBX 572.04 and a 200 day moving average of GBX 584.69.

Pennon Group (LON:PNN) last released its quarterly 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 net margin of 1.05% and a negative return on equity of 0.74%. On average, sell-side analysts predict that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, April 4th. Stockholders 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 dividend yield of 2.53%. Pennon Group’s payout ratio 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.