Pennon Group (LON:PNN) Shares Down 22.8% – Should You Sell?

Pennon Group Plc (LON:PNN)’s stock price dropped 22.8% during mid-day trading on Monday . The stock traded as low as GBX 422.60 ($5.19) and last traded at GBX 452.80 ($5.56). Approximately 1,985,180 shares traded hands during trading, a decline of 43% from the average daily volume of 3,454,445 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Stock Performance

The firm’s fifty day moving average price is GBX 572.04 and its 200-day moving average price is GBX 584.69. 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 cap of £1.29 billion, a P/E ratio of -11,263.73, a P/E/G ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last issued its 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%. As a group, research analysts forecast that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The company also recently declared 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. The ex-dividend date is Thursday, January 30th. This represents a yield of 2.53%. Pennon Group’s dividend payout ratio (DPR) is presently -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.