Pennon Group (LON:PNN) Stock Price Down 20.8% – Should You Sell?

Pennon Group Plc (LON:PNN) shares fell 20.8% on Monday . The stock traded as low as GBX 422.60 ($5.26) and last traded at GBX 464.60 ($5.78). 527,841,875 shares changed 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 ($7.29).

Pennon Group Stock Down 20.8 %

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 firm 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. The stock’s 50-day simple moving average is GBX 569.36 and its 200-day simple moving average is GBX 583.41.

Pennon Group (LON:PNN) last posted 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%. As a group, research analysts predict that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

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