Pennon Group (LON:PNN) Stock Price Down 20.8% – What’s Next?

Shares of Pennon Group Plc (LON:PNN) fell 20.8% on Tuesday . The stock traded as low as GBX 422.60 ($5.28) and last traded at GBX 464.60 ($5.81). 527,841,875 shares changed hands during mid-day trading, an increase of 1,906% from the average session volume of 26,317,779 shares. The stock had previously closed at GBX 586.26 ($7.33).

Pennon Group Trading Up 1.4 %

The company has a market cap of £1.33 billion, a price-to-earnings ratio of -11,665.00, a PEG ratio of 8.20 and a beta of 0.29. The firm has a 50 day moving average price of GBX 563.98 and a two-hundred day moving average price of GBX 580.53. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14.

Pennon Group (LON:PNN) last issued its quarterly 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 firm also recently announced a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, January 30th will be issued 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%.

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.