Pennon Group (LON:PNN) Shares Down 22.7% – What’s Next?

Pennon Group Plc (LON:PNN) dropped 22.7% during trading on Monday . The company traded as low as GBX 422.60 ($5.19) and last traded at GBX 453 ($5.57). Approximately 2,128,159 shares traded hands during trading, a decline of 39% from the average daily volume of 3,460,661 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Price Performance

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 business’s 50-day simple moving average is GBX 572.04 and its 200 day simple moving average is GBX 584.69. The firm has a market capitalization of £1.30 billion, a P/E ratio of -11,375.00, a PEG ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last issued 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 net margin of 1.05% and a negative return on equity of 0.74%. Sell-side analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Pennon Group Cuts Dividend

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