Pennon Group (LON:PNN) Trading Down 22.8% - Here's What Happened

Pennon Group Plc (LON:PNN - Get Free Report) was down 22.8% during mid-day trading on Monday . The stock traded as low as GBX 422.60 ($5.24) and last traded at GBX 452.80 ($5.62). Approximately 1,985,180 shares changed hands during trading, a decline of 43% from the average daily volume of 3,454,445 shares. The stock had previously closed at GBX 586.26 ($7.27).

Pennon Group Price Performance

The firm's 50-day moving average is GBX 557.63 and its 200-day moving average is GBX 578.71. 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 company has a market capitalization of £1.28 billion, a P/E ratio of -11,150.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN - Get Free Report) last announced its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) EPS for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.74%. Analysts predict that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

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