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Pennon Group (LON:PNN) Share Price Passes 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.
  • Interested in Pennon Group? Here are five stocks we like better.

Pennon Group Plc (LON:PNN - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 477.28 ($6.47) and traded as high as GBX 501 ($6.79). Pennon Group shares last traded at GBX 496 ($6.72), with a volume of 548,074 shares changing hands.

Pennon Group Price Performance

The company has a 50 day moving average of GBX 494.48 and a 200-day moving average of GBX 476.86. The firm has a market capitalization of £2.21 billion, a P/E ratio of -133.78, a P/E/G ratio of 8.20 and a beta of 0.29. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 341.72.

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

Insider Buying and Selling at Pennon Group

In related news, insider Andrea Blance bought 2,000 shares of the business's stock in a transaction dated Friday, July 25th. The stock was purchased at an average cost of GBX 493 ($6.68) per share, for a total transaction of £9,860 ($13,364.06). In the last ninety days, insiders acquired 2,151 shares of company stock worth $1,060,993. Corporate insiders own 0.51% of the company's stock.

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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