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Pennon Group (LON:PNN) Shares Down 20.8% - Time to Sell?

Pennon Group logo with Utilities background

Pennon Group Plc (LON:PNN - Get Free Report)'s stock price was down 20.8% on Monday . The company traded as low as GBX 422.60 ($5.24) and last traded at GBX 464.60 ($5.76). Approximately 527,841,875 shares were traded during trading, an increase of 1,906% from the average daily volume of 26,317,779 shares. The stock had previously closed at GBX 586.26 ($7.27).

Pennon Group Stock Performance

The company has a market capitalization of £1.28 billion, a P/E ratio of -11,150.00, 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. The business has a 50 day moving average of GBX 557.63 and a 200-day moving average of GBX 578.71.

Pennon Group (LON:PNN - Get Free Report) last posted its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share for the quarter. Pennon Group had a negative return on equity of 0.74% and a negative net margin of 1.05%. On average, sell-side analysts predict that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The firm 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 payout ratio is -152,500.00%.

About Pennon Group

(Get Free Report)

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.

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