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Pennon Group (LON:PNN) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Pennon Group logo with Utilities background

Key Points

  • Pennon Group's stock price has surpassed its two hundred day moving average, trading as high as GBX 501 ($6.73) on Monday.
  • The company reported a negative EPS of GBX (10.30) ($0.14) for the last quarter and is anticipated to post 1.04 earnings per share for the current fiscal year.
  • Insider purchases indicate confidence in the company, with insiders acquiring a total of 2,151 shares worth over $1 million in the last quarter.
  • Looking to export and analyze Pennon Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Pennon Group Plc (LON:PNN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 477.28 ($6.41) and traded as high as GBX 501 ($6.73). Pennon Group shares last traded at GBX 496 ($6.66), with a volume of 548,074 shares.

Pennon Group Trading Up 0.1%

The company has a market cap of £2.30 billion, a price-to-earnings ratio of -139.57, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The business's fifty day moving average price is GBX 494.71 and its 200 day moving average price is GBX 477.28. The company has a debt-to-equity ratio of 341.72, a current ratio of 0.97 and a quick ratio of 1.54.

Pennon Group (LON:PNN - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported GBX (10.30) (($0.14)) EPS for the quarter. Pennon Group had a negative return on equity of 0.88% and a negative net margin of 1.05%. Research analysts anticipate that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Insider Activity at Pennon Group

In other Pennon Group news, insider Andrea Blance purchased 2,000 shares of the business's stock in a transaction dated Friday, July 25th. The shares were bought at an average price of GBX 493 ($6.62) per share, for a total transaction of £9,860 ($13,243.79). Insiders have acquired a total of 2,151 shares of company stock worth $1,060,993 in the last quarter. 0.51% of the stock is currently owned by insiders.

Pennon Group Company Profile

(Get Free Report)

At the top end of the FTSE 250, 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.

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