Pennon Group (LON:PNN) Trading Down 22.1% – Here’s What Happened

Pennon Group Plc (LON:PNN) fell 22.1% during trading on Monday . The company traded as low as GBX 422.60 ($5.19) and last traded at GBX 456.60 ($5.61). 2,193,015 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 3,463,481 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Price Performance

The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54. The firm has a market cap of £1.31 billion, a price-to-earnings ratio of -11,415.00, a PEG ratio of 8.20 and a beta of 0.29. The stock has a 50-day moving average price of GBX 572.04 and a 200 day moving average price of GBX 584.69.

Pennon Group (LON:PNN) last posted its quarterly earnings data 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 research analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, April 4th. Shareholders 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 yield of 2.53%. Pennon Group’s payout ratio 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.