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Pennon Group (LON:PNN) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Pennon Group logo with Utilities background

Pennon Group Plc (LON:PNN - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 486.43 ($6.61) and traded as high as GBX 495.20 ($6.73). Pennon Group shares last traded at GBX 480.24 ($6.53), with a volume of 1,333,516 shares changing hands.

Pennon Group Stock Down 0.6%

The business's fifty day moving average price is GBX 495.47 and its 200 day moving average price is GBX 486.48. The firm has a market capitalization of £2.28 billion, a price-to-earnings ratio of -138.11, a PEG 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 announced its earnings results on Tuesday, June 3rd. The company reported GBX (10.30) (($0.14)) 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, equities analysts expect that Pennon Group Plc will post 1.0402417 EPS for the current year.

About Pennon Group

(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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