Pennon Group (LON:PNN) Stock Price Down 20.8% – Here’s What Happened

Shares of Pennon Group Plc (LON:PNN) dropped 20.8% during trading on Monday . The company traded as low as GBX 422.60 ($5.28) and last traded at GBX 464.60 ($5.81). Approximately 527,841,875 shares were traded during trading, an increase of 1,906% from the average daily volume of 26,317,779 shares. The stock had previously closed at GBX 586.26 ($7.33).

Pennon Group Price Performance

The stock’s 50 day moving average is GBX 566.82 and its two-hundred day moving average is 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 stock has a market capitalization of £1.32 billion, a PE ratio of -11,500.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last posted its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) 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, equities analysts anticipate that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, January 30th will be issued 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 currently -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.