Pennon Group (LON:PNN) Shares Down 22.8% - Time to Sell?

Pennon Group Plc (LON:PNN - Get Free Report)'s stock price fell 22.8% on Monday . The company traded as low as GBX 422.60 ($5.26) and last traded at GBX 452.80 ($5.63). 1,985,180 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 3,454,445 shares. The stock had previously closed at GBX 586.26 ($7.29).

Pennon Group Stock Down 1.5 %

The stock has a market capitalization 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 firm has a 50 day simple moving average of GBX 560.77 and a 200-day simple moving average of GBX 579.64. 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 announced its earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share (EPS) for the quarter. Pennon Group had a negative return on equity of 0.74% and a negative net margin of 1.05%. On average, sell-side analysts forecast that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be issued a GBX 14.69 ($0.18) dividend. This represents a dividend yield of 2.53%. The ex-dividend date is Thursday, January 30th. 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.