Pennon Group (LON:PNN) Stock Price Down 23.1% - Here's Why

Pennon Group Plc (LON:PNN - Get Free Report)'s stock price fell 23.1% on Monday . The stock traded as low as GBX 422.60 ($5.26) and last traded at GBX 450.80 ($5.61). 1,764,745 shares were traded during trading, a decline of 49% from the average session volume of 3,444,861 shares. The stock had previously closed at GBX 586.26 ($7.29).

Pennon Group Price Performance

The company has a 50 day moving average price of GBX 560.77 and a 200-day moving average price of GBX 579.64. The company has a market cap of £1.30 billion, a price-to-earnings ratio of -11,330.00, a P/E/G ratio of 8.20 and a beta of 0.29. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14.

Pennon Group (LON:PNN - Get Free Report) last released its quarterly earnings results 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%. As a group, equities research analysts predict that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, January 30th will be issued 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 payout ratio is -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.