Pennon Group (LON:PNN) Stock Price Down 24.7% – Here’s Why

Pennon Group Plc (LON:PNN) traded down 24.7% during trading on Monday . The stock traded as low as GBX 422.60 ($5.27) and last traded at GBX 441.60 ($5.51). 1,586,476 shares were traded during trading, a decline of 54% from the average session volume of 3,437,110 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Price Performance

The firm has a market cap of £1.25 billion, a P/E ratio of -10,925.00, a PEG ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54. The stock’s 50-day simple moving average is GBX 566.82 and its two-hundred day simple moving average is GBX 581.92.

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 net margin of 1.05% and a negative return on equity of 0.74%. Equities research analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 4th. Stockholders 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 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.