Pennon Group (LON:PNN) Sets New 12-Month Low – Here’s What Happened

Pennon Group Plc (LON:PNN)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 472.20 ($5.86) and last traded at GBX 485 ($6.02), with a volume of 79746250 shares traded. The stock had previously closed at GBX 515.50 ($6.40).

Pennon Group Price Performance

The firm has a 50-day moving average price of GBX 572.24 and a 200-day moving average price of GBX 585.39. 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 stock has a market cap of £1.70 billion, a P/E ratio of -14,875.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last released its 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, analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The business also recently announced 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 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.