Pennon Group (LON:PNN) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Pennon Group Plc (LON:PNN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 594.98 ($7.44) and traded as low as GBX 570.50 ($7.14). Pennon Group shares last traded at GBX 578.50 ($7.24), with a volume of 398,344 shares traded.

Pennon Group Trading Down 3.2 %

The stock has a 50-day moving average of GBX 581.95 and a two-hundred day moving average of GBX 594.98. The company has a market cap of £1.60 billion, a P/E ratio of -14,000.00, 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.

Pennon Group Cuts Dividend

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