Pennon Group (LON:PNN) Stock Price Down 22.1% – Time to Sell?

Pennon Group Plc (LON:PNN) shares fell 22.1% during trading on Monday . The company traded as low as GBX 422.60 ($5.27) and last traded at GBX 456.60 ($5.70). 2,193,015 shares changed hands during trading, a decline of 37% from the average session volume of 3,463,481 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Price Performance

The firm has a market capitalization of £1.27 billion, a PE ratio of -11,105.00, 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 company has a fifty day moving average price of GBX 566.82 and a two-hundred day moving average price of GBX 581.92.

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 for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.74%. Sell-side analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Pennon Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be paid 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 is currently -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.