Pennon Group (LON:PNN) Stock Price Down 20.8% - Time to Sell?

Pennon Group Plc (LON:PNN - Get Free Report)'s stock price dropped 20.8% during trading on Monday . The stock traded as low as GBX 422.60 ($5.24) and last traded at GBX 464.60 ($5.76). Approximately 527,841,875 shares changed hands during trading, an increase of 1,906% from the average daily volume of 26,317,779 shares. The stock had previously closed at GBX 586.26 ($7.27).

Pennon Group Stock Performance

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

Pennon Group (LON:PNN - Get Free Report) last issued 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 return on equity of 0.74% and a negative net margin of 1.05%. On average, sell-side analysts anticipate that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be issued a dividend of GBX 14.69 ($0.18) per share. This represents a 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.