Pennon Group (LON:PNN) Trading Down 25.4% – Here’s What Happened

Pennon Group Plc (LON:PNN)’s share price was down 25.4% during trading on Monday . The company traded as low as GBX 423.80 ($5.29) and last traded at GBX 437.40 ($5.46). Approximately 1,419,395 shares changed hands during trading, a decline of 59% from the average daily volume of 3,429,845 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Price Performance

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 has a 50 day simple moving average of GBX 566.82 and a two-hundred day simple moving average of GBX 581.92. The company has a market cap of £1.25 billion, a price-to-earnings ratio of -10,925.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last announced its quarterly 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%. On average, equities research analysts predict that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be paid 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 (DPR) 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.