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Pennon Group (LON:PNN) Shares Down 20.6% - Here's Why

Pennon Group logo with Utilities background

Pennon Group Plc (LON:PNN - Get Free Report) shares fell 20.6% on Monday . The stock traded as low as GBX 422.60 ($5.26) and last traded at GBX 465.60 ($5.79). 2,519,182 shares traded hands during trading, a decline of 28% from the average session volume of 3,477,662 shares. The stock had previously closed at GBX 586.26 ($7.29).

Pennon Group Price Performance

The firm has a market cap of £1.30 billion, a P/E ratio of -11,330.00, a P/E/G ratio of 8.20 and a beta of 0.29. 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 moving average is GBX 560.77 and its two-hundred day moving average is GBX 579.64.

Pennon Group (LON:PNN - Get Free Report) 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 return on equity of 0.74% and a negative net margin of 1.05%. As a group, analysts anticipate that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Pennon Group Cuts Dividend

The firm also recently declared 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. This represents a yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group's dividend payout ratio (DPR) is presently -152,500.00%.

About Pennon Group

(Get Free Report)

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.

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