Pennon Group (LON:PNN) Stock Price Down 20.6% – Time to Sell?

Pennon Group Plc (LON:PNN)’s stock price fell 20.6% on Monday . The stock traded as low as GBX 422.60 ($5.27) and last traded at GBX 465.60 ($5.81). 2,519,182 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 3,477,662 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Price Performance

The business’s 50 day simple moving average is GBX 566.82 and its 200-day simple moving average is GBX 581.92. The stock has a market capitalization of £1.32 billion, a price-to-earnings ratio of -11,500.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 343.14, a quick ratio of 1.54 and a current ratio of 0.97.

Pennon Group (LON:PNN) last announced its earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.74%. Research analysts anticipate 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. Stockholders of record on Thursday, January 30th will be paid a GBX 14.69 ($0.18) dividend. This represents a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, January 30th. 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.