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Pennon Group (LON:PNN) Trading Down 22.1% - Here's Why

Pennon Group logo with Utilities background

Pennon Group Plc (LON:PNN - Get Free Report) shares traded down 22.1% during trading on Monday . The company traded as low as GBX 422.60 ($5.26) and last traded at GBX 456.60 ($5.68). 2,193,015 shares traded 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 ($7.29).

Pennon Group Stock Performance

The company has a fifty day moving average price of GBX 560.77 and a two-hundred day moving average price of GBX 579.64. The firm has a market cap of £1.30 billion, a price-to-earnings ratio of -11,330.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54.

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 net margin of 1.05% and a negative return on equity of 0.74%. As a group, equities research analysts expect that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

The business also recently declared 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 dividend yield of 2.53%. Pennon Group's dividend payout ratio is currently -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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