Pennon Group (LON:PNN) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Pennon Group Plc (LON:PNN - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 594.98 ($7.44) and traded as low as GBX 570.50 ($7.14). Pennon Group shares last traded at GBX 578.50 ($7.24), with a volume of 398,344 shares changing hands.

Pennon Group Trading Down 3.8 %

The firm has a market cap of £1.59 billion, a price-to-earnings ratio of -13,906.43, a P/E/G 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. The business has a 50-day moving average of GBX 581.95 and a 200-day moving average of GBX 594.98.

Pennon Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be paid a dividend of GBX 14.69 ($0.18) per share. This represents a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, January 30th. Pennon Group's dividend 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.