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Pennon Group (LON:PNN) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Pennon Group logo with Utilities background

Pennon Group Plc (LON:PNN - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 595.47 ($7.49) and traded as low as GBX 587 ($7.39). Pennon Group shares last traded at GBX 596.50 ($7.51), with a volume of 611,144 shares changing hands.

Pennon Group Stock Down 0.7 %

The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14. The company has a fifty day simple moving average of GBX 581 and a 200-day simple moving average of GBX 595.51. The firm has a market cap of £1.71 billion, a P/E ratio of -14,912.50, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

Pennon Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be issued a GBX 14.69 ($0.18) dividend. This represents a yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group's dividend payout ratio is -152,500.00%.

Pennon Group Company Profile

(Get Free Report)

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.

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