Pennon Group (LON:PNN) Hits New 1-Year Low – Should You Sell?

Pennon Group Plc (LON:PNN) shares reached a new 52-week low on Friday . The stock traded as low as GBX 517.62 ($6.32) and last traded at GBX 517.75 ($6.32), with a volume of 602388 shares traded. The stock had previously closed at GBX 530 ($6.47).

Pennon Group Trading Down 2.0 %

The company has a fifty day moving average of GBX 580.83 and a two-hundred day moving average of GBX 593.03. 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 market capitalization of £1.49 billion, a price-to-earnings ratio of -12,987.50, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

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 issued a GBX 14.69 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 2.53%. Pennon Group’s dividend payout ratio (DPR) 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.