Pennon Group (LON:PNN) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Pennon Group Plc (LON:PNN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 595.47 ($7.49) and traded as low as GBX 587 ($7.39). Pennon Group shares last traded at GBX 596.50 ($7.51), with a volume of 611,144 shares.

Pennon Group Stock Performance

The stock has a market capitalization of £1.71 billion, a P/E ratio of -14,912.50, a P/E/G ratio of 8.20 and a beta of 0.29. The business has a fifty day moving average price of GBX 581 and a 200-day moving average price of GBX 595.47. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14.

Pennon Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be paid a GBX 14.69 ($0.18) dividend. This represents a dividend 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%.

About Pennon Group

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.