Pennon Group (LON:PNN) Shares Down 22.1% – Should You Sell?

Pennon Group Plc (LON:PNN)’s stock price was down 22.1% during mid-day trading on Monday . The stock traded as low as GBX 422.60 ($5.27) and last traded at GBX 456.60 ($5.70). Approximately 2,193,015 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 3,463,481 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Trading Down 3.5 %

The firm has a market capitalization of £1.25 billion, a P/E ratio of -10,925.00, 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 343.14. The stock has a 50 day simple moving average of GBX 566.82 and a 200-day simple moving average of GBX 581.92.

Pennon Group (LON:PNN) last announced its earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) EPS 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 research analysts forecast that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

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

Pennon Group Company Profile

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.