Pennon Group (LON:PNN) Stock Price Down 20.8% – Time to Sell?

Pennon Group Plc (LON:PNN)’s share price fell 20.8% during trading on Monday . The stock traded as low as GBX 422.60 ($5.28) and last traded at GBX 464.60 ($5.81). 527,841,875 shares changed hands during trading, an increase of 1,906% from the average session volume of 26,317,779 shares. The stock had previously closed at GBX 586.26 ($7.33).

Pennon Group Stock Performance

The firm has a market capitalization of £1.32 billion, a PE ratio of -11,500.00, a PEG ratio of 8.20 and a beta of 0.29. The firm’s fifty day moving average price is GBX 563.98 and its 200 day moving average price is GBX 580.53. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 343.14.

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

Pennon Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be issued a GBX 14.69 ($0.18) dividend. This represents a yield of 2.53%. The ex-dividend date of this dividend is Thursday, January 30th. Pennon Group’s dividend payout ratio is presently -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.