Pennon Group (LON:PNN) Shares Down 22.7% – What’s Next?

Pennon Group Plc (LON:PNN)’s share price fell 22.7% during mid-day trading on Monday . The company traded as low as GBX 422.60 ($5.19) and last traded at GBX 453 ($5.57). 2,128,159 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 3,460,661 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Stock Performance

The stock has a market capitalization of £1.30 billion, a PE ratio of -11,375.00, a P/E/G 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 business’s fifty day moving average price is GBX 572.04 and its 200-day moving average price is GBX 584.69.

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 (EPS) for the quarter. Pennon Group had a negative return on equity of 0.74% and a negative net margin of 1.05%. As a group, equities research analysts expect that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

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