Pennon Group (LON:PNN) Stock Price Down 24.7% – Here’s What Happened

Pennon Group Plc (LON:PNN) shares dropped 24.7% on Monday . The company traded as low as GBX 422.60 ($5.27) and last traded at GBX 441.60 ($5.51). Approximately 1,586,476 shares changed hands during trading, a decline of 54% from the average daily volume of 3,437,110 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Stock Performance

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 company has a market capitalization of £1.25 billion, a PE ratio of -10,925.00, a PEG ratio of 8.20 and a beta of 0.29. The firm’s 50-day simple moving average is GBX 566.82 and its 200-day simple moving average is GBX 581.92.

Pennon Group (LON:PNN) last announced 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, research analysts predict that Pennon Group Plc will post 1.0402417 earnings per share for the current 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 given a dividend of GBX 14.69 ($0.18) per share. This represents a dividend yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group’s payout ratio 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.