Pennon Group (LON:PNN) Hits New 52-Week Low – Should You Sell?

Pennon Group Plc (LON:PNN)’s share price reached a new 52-week low during 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 changing hands. The stock had previously closed at GBX 515.50 ($6.40).

Pennon Group Price Performance

The firm has a fifty day moving average of GBX 572.24 and a 200 day moving average of GBX 585.39. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 343.14. The company has a market capitalization of £1.70 billion, a P/E ratio of -14,875.00, a P/E/G ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last announced its quarterly earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) EPS for the quarter. Pennon Group had a negative return on equity of 0.74% and a negative net margin of 1.05%. On average, equities research analysts anticipate that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

The company also recently declared 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 (DPR) 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.