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

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

Pennon Group Stock Down 20.8 %

The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14. The firm has a 50 day moving average of GBX 572.04 and a two-hundred day moving average of GBX 584.69. The firm has a market capitalization 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.

Pennon Group (LON:PNN) last posted its quarterly earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.74%. As a group, sell-side analysts anticipate that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be issued a dividend of GBX 14.69 ($0.18) per share. 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 (DPR) is presently -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.