Pennon Group (LON:PNN) Trading Down 22.1% – Here’s Why

Pennon Group Plc (LON:PNN)’s stock price was down 22.1% during trading on Monday . The stock traded as low as GBX 422.60 ($5.19) and last traded at GBX 456.60 ($5.61). 2,193,015 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 3,463,481 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Stock Performance

The stock has a market capitalization of £1.31 billion, a price-to-earnings ratio of -11,415.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The firm has a fifty day moving average of GBX 572.04 and a 200 day moving average of GBX 584.69. The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54.

Pennon Group (LON:PNN) last released 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 net margin of 1.05% and a negative return on equity of 0.74%. On average, sell-side analysts anticipate that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

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