Pennon Group (LON:PNN) Trading Down 20.8% – What’s Next?

Shares of Pennon Group Plc (LON:PNN) traded down 20.8% during trading on Monday . The company traded as low as GBX 422.60 ($5.26) and last traded at GBX 464.60 ($5.78). 527,841,875 shares changed hands during mid-day trading, an increase of 1,906% from the average session volume of 26,317,779 shares. The stock had previously closed at GBX 586.26 ($7.29).

Pennon Group Price Performance

The firm has a market cap of £1.33 billion, a price-to-earnings ratio of -11,615.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. 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 company’s fifty day moving average is GBX 569.36 and its two-hundred day moving average is GBX 583.41.

Pennon Group (LON:PNN) last posted its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share (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 EPS for the current year.

Pennon Group Cuts Dividend

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