Pennon Group (LON:PNN) Stock Price Down 23.1% – Here’s What Happened

Pennon Group Plc (LON:PNN) shares fell 23.1% during mid-day trading on Monday . The stock traded as low as GBX 422.60 ($5.19) and last traded at GBX 450.80 ($5.54). 1,764,745 shares changed hands during trading, a decline of 49% from the average session volume of 3,444,861 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Stock Performance

The firm has a fifty day moving average of GBX 572.04 and a 200-day moving average of GBX 584.69. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14. The firm has a market cap of £1.29 billion, a P/E ratio of -11,250.00, a PEG ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last issued its quarterly earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) EPS for the quarter. Pennon Group had a negative return on equity of 0.74% and a negative net margin of 1.05%. Research analysts predict that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 4th. Shareholders 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 of this dividend 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.