Pennon Group (LON:PNN) Sets New 52-Week Low – Here’s What Happened

Shares of Pennon Group Plc (LON:PNN) reached a new 52-week low on Friday . The company traded as low as GBX 517.62 ($6.37) and last traded at GBX 517.75 ($6.37), with a volume of 602388 shares trading hands. The stock had previously closed at GBX 530 ($6.52).

Pennon Group Trading Down 2.4 %

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 cap of £1.48 billion, a P/E ratio of -12,937.50, a P/E/G ratio of 8.20 and a beta of 0.29. The company has a 50-day simple moving average of GBX 581.32 and a 200-day simple moving average of GBX 593.64.

Pennon Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be issued a GBX 14.69 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group’s dividend 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.