Pennon Group (LON:PNN) Shares Down 22.1% – What’s Next?

Pennon Group Plc (LON:PNN) fell 22.1% on Monday . The stock traded as low as GBX 422.60 ($5.27) and last traded at GBX 456.60 ($5.70). 2,193,015 shares changed hands during trading, a decline of 37% from the average session volume of 3,463,481 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Trading Down 1.9 %

The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 343.14. The stock has a market capitalization of £1.27 billion, a price-to-earnings ratio of -11,105.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The company has a fifty day moving average of GBX 566.82 and a two-hundred day moving average of GBX 581.92.

Pennon Group (LON:PNN) last posted its earnings results 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%. On average, research analysts expect that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

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