Pennon Group (LON:PNN) Shares Down 22.7% – What’s Next?

Pennon Group Plc (LON:PNN)’s stock price traded down 22.7% during trading on Monday . The stock traded as low as GBX 422.60 ($5.19) and last traded at GBX 453 ($5.57). 2,128,159 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 3,460,661 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Stock Performance

The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54. The stock has a market cap of £1.30 billion, a price-to-earnings ratio of -11,375.00, a PEG ratio of 8.20 and a beta of 0.29. The firm has a fifty day moving average of GBX 572.04 and a 200 day moving average of GBX 584.69.

Pennon Group (LON:PNN) last posted its 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 return on equity of 0.74% and a negative net margin of 1.05%. As a group, sell-side analysts forecast that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

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