Pennon Group (LON:PNN) Stock Price Down 20.6% – Should You Sell?

Pennon Group Plc (LON:PNN)’s share price was down 20.6% during trading on Monday . The stock traded as low as GBX 422.60 ($5.19) and last traded at GBX 465.60 ($5.72). Approximately 2,519,182 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 3,477,662 shares. The stock had previously closed at GBX 586.26 ($7.20).

Pennon Group Trading Down 20.8 %

The business’s fifty day simple moving average is GBX 572.04 and its two-hundred day simple moving average is GBX 584.69. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14. The company has a market cap of £1.33 billion, a price-to-earnings ratio of -11,615.00, a PEG ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last announced its quarterly 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%. On average, equities analysts predict that Pennon Group Plc will post 1.0402417 EPS for the current year.

Pennon Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, January 30th will be given a dividend of GBX 14.69 ($0.18) per share. This represents a yield of 2.53%. The ex-dividend date of this dividend is Thursday, January 30th. Pennon Group’s dividend payout ratio (DPR) is -152,500.00%.

About Pennon Group

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.