Pennon Group (LON:PNN) Shares Down 20.4% – What’s Next?

Pennon Group Plc (LON:PNN)’s share price fell 20.4% on Monday . The stock traded as low as GBX 422.60 ($5.27) and last traded at GBX 466.80 ($5.83). 2,457,815 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 3,474,994 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Stock Performance

The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54. The company has a market cap of £1.26 billion, a price-to-earnings ratio of -11,033.25, a PEG ratio of 8.20 and a beta of 0.29. The firm has a 50 day simple moving average of GBX 566.82 and a 200-day simple moving average of GBX 581.92.

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 (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, analysts predict 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 issued a GBX 14.69 ($0.18) dividend. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group’s dividend payout ratio is currently -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.