Pennon Group (LON:PNN) Stock Price Down 20.8% – Here’s What Happened

Pennon Group Plc (LON:PNN)’s stock price dropped 20.8% during mid-day trading on Monday . The company traded as low as GBX 422.60 ($5.26) and last traded at GBX 464.60 ($5.78). Approximately 527,841,875 shares were traded 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 ($7.29).

Pennon Group Trading Down 20.8 %

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 market capitalization of £1.33 billion, a P/E ratio of -11,615.00, a PEG ratio of 8.20 and a beta of 0.29. The firm’s 50-day simple moving average is GBX 572.04 and its 200 day simple moving average is GBX 584.69.

Pennon Group (LON:PNN) last released its 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%. Equities research analysts anticipate that Pennon Group Plc will post 1.0402417 EPS for the current fiscal 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. This represents a dividend yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group’s dividend payout ratio is presently -152,500.00%.

About Pennon Group

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.