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Pennon Group (LON:PNN) Stock Price Down 20.8% - Here's Why

Pennon Group logo with Utilities background

Pennon Group Plc (LON:PNN - Get Free Report)'s stock price was down 20.8% on Monday . The stock traded as low as GBX 422.60 ($5.24) and last traded at GBX 464.60 ($5.76). Approximately 527,841,875 shares traded hands during 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 ($7.27).

Pennon Group Price Performance

The company has a debt-to-equity ratio of 343.14, a quick ratio of 1.54 and a current ratio of 0.97. The firm has a market cap of £1.28 billion, a price-to-earnings ratio of -11,150.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The company's fifty day moving average is GBX 557.63 and its two-hundred day moving average is GBX 578.71.

Pennon Group (LON:PNN - Get Free Report) last posted 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%. Equities research analysts forecast that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

The company also recently declared 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 is Thursday, January 30th. Pennon Group's dividend payout ratio (DPR) is -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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