Pennon Group (LON:PNN) Stock Price Down 21.2% – Should You Sell?

Pennon Group Plc (LON:PNN) shares fell 21.2% on Monday . The stock traded as low as GBX 422.60 ($5.28) and last traded at GBX 462.20 ($5.78). 126,897,828 shares changed hands during mid-day trading, an increase of 1,328% from the average session volume of 8,885,430 shares. The stock had previously closed at GBX 586.26 ($7.33).

Pennon Group Stock Up 1.5 %

The stock 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. The firm has a market capitalization of £1.32 billion, a P/E ratio of -11,500.00, a PEG ratio of 8.20 and a beta of 0.29.

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%. Research analysts predict that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

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