Pennon Group (OTCMKTS:PEGRY) Shares Gap Down – Here’s Why

Pennon Group Plc (OTCMKTS:PEGRY – Get Free Report) gapped down before the market opened on Thursday. The stock had previously closed at $11.94, but opened at $9.50. Pennon Group shares last traded at $9.51, with a volume of 515 shares traded.

Pennon Group Price Performance

The stock has a 50-day moving average price of $12.26 and a 200-day moving average price of $13.11.

Pennon Group Company Profile

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Pennon Group plc is a United Kingdom-based water and wastewater services company. Through its regulated businesses, the group provides clean water, wastewater collection and treatment, sewerage services, and related customer and environmental services.

Pennon’s principal operating companies include South West Water, which serves households and businesses across Devon, Cornwall, parts of Dorset and the Isles of Scilly, and Bournemouth Water, which serves communities in parts of Dorset, Hampshire and Wiltshire.

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