Pennon Group (LON:PNN) Stock Price Down 25.4% – What’s Next?

Pennon Group Plc (LON:PNN) dropped 25.4% on Monday . The company traded as low as GBX 423.80 ($5.29) and last traded at GBX 437.40 ($5.46). Approximately 1,419,395 shares changed hands during trading, a decline of 59% from the average daily volume of 3,429,845 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Stock Down 3.5 %

The stock has a market capitalization of £1.25 billion, a price-to-earnings ratio of -10,925.00, a P/E/G ratio of 8.20 and a beta of 0.29. The business has a 50-day moving average of GBX 566.82 and a 200-day moving average of GBX 581.92. The company has a debt-to-equity ratio of 343.14, a quick ratio of 1.54 and a current ratio of 0.97.

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 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 expect that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

The company also recently announced 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. This represents a yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group’s 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.