Pennon Group (LON:PNN) Shares Down 20.6% – What’s Next?

Pennon Group Plc (LON:PNN) dropped 20.6% during mid-day trading on Monday . The company traded as low as GBX 422.60 ($5.19) and last traded at GBX 465.60 ($5.72). Approximately 2,519,182 shares changed hands during trading, a decline of 28% from the average daily volume of 3,477,662 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Trading Down 20.8 %

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 firm has a 50-day moving average price of GBX 572.04 and a 200-day moving average price of GBX 584.69. The company has a market capitalization of £1.33 billion, a price-to-earnings ratio of -11,615.00, a PEG 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 return on equity of 0.74% and a negative net margin of 1.05%. As a group, sell-side analysts predict that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

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