Pennon Group (LON:PNN) Trading Down 20.8% – Should You Sell?

Pennon Group Plc (LON:PNN) dropped 20.8% during trading on Monday . The company 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 mid-day 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 Trading 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 company has a market cap 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. The firm has a 50 day moving average price of GBX 572.04 and a two-hundred day moving average price of GBX 584.69.

Pennon Group (LON:PNN) last released its 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, equities 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. Investors of record on Thursday, January 30th will be paid a dividend of GBX 14.69 ($0.18) per share. This represents a yield of 2.53%. The ex-dividend date of this dividend is Thursday, January 30th. Pennon Group’s dividend payout ratio 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.