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Pennon Group (LON:PNN) Trading Down 25.4% - Here's What Happened

Pennon Group logo with Utilities background

Pennon Group Plc (LON:PNN - Get Free Report)'s share price was down 25.4% during trading on Monday . The company traded as low as GBX 423.80 ($5.26) and last traded at GBX 437.40 ($5.43). Approximately 1,419,395 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 3,429,845 shares. The stock had previously closed at GBX 586.26 ($7.27).

Pennon Group Price Performance

The firm 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. The business has a 50-day moving average of GBX 557.63 and a 200 day moving average of GBX 578.71. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 343.14.

Pennon Group (LON:PNN - Get Free Report) last issued its 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%. On average, sell-side analysts predict that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The business also recently disclosed 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 yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group's dividend payout ratio is currently -152,500.00%.

Pennon Group Company Profile

(Get Free Report)

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.

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