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

Pennon Group Plc (LON:PNN - Get Free Report)'s stock price was down 20.6% during trading on Monday . The company traded as low as GBX 422.60 ($5.26) and last traded at GBX 465.60 ($5.79). Approximately 2,519,182 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 3,477,662 shares. The stock had previously closed at GBX 586.26 ($7.29).

Pennon Group Stock Performance

The business's fifty day moving average price is GBX 560.77 and its two-hundred day moving average price is GBX 579.64. 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 stock has a market capitalization 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.

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 (EPS) 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, sell-side analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Pennon Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be paid a GBX 14.69 ($0.18) dividend. 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.