Pennon Group (LON:PNN) Trading Down 20.8% – Time to Sell?

Pennon Group Plc (LON:PNN)’s stock price traded down 20.8% during trading on Monday . The company traded as low as GBX 422.60 ($5.19) and last traded at GBX 464.60 ($5.71). 527,841,875 shares traded hands during mid-day trading, an increase of 1,906% from the average session volume of 26,317,779 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Stock Performance

The business’s fifty day moving average price is GBX 572.04 and its two-hundred day moving average price is GBX 584.69. 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 stock has a market capitalization of £1.33 billion, a P/E ratio of -11,615.00, a P/E/G ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last issued its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share for the quarter. Pennon Group had a negative return on equity of 0.74% and a negative net margin of 1.05%. As a group, sell-side analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Pennon Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be given a GBX 14.69 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 2.53%. Pennon Group’s dividend payout ratio is presently -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.