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

Pennon Group Plc (LON:PNN - Get Free Report) traded down 20.6% during mid-day trading on Monday . The company traded as low as GBX 422.60 ($5.24) and last traded at GBX 465.60 ($5.77). 2,519,182 shares traded hands during trading, a decline of 28% from the average session volume of 3,477,662 shares. The stock had previously closed at GBX 586.26 ($7.26).

Pennon Group Stock Down 1.6 %

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 stock has a 50-day simple moving average of GBX 557.63 and a two-hundred day simple moving average of GBX 577.68. The firm has a market cap of £1.28 billion, a PE ratio of -11,150.00, a P/E/G 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)) 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%. Analysts expect that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

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. The ex-dividend date of this dividend is Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group's dividend payout ratio (DPR) 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.