Pennon Group (LON:PNN) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Pennon Group Plc (LON:PNN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 company has a market capitalization of £1.71 billion, a price-to-earnings ratio of -14,912.50, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The firm has a fifty day simple moving average of GBX 581 and a 200 day simple moving average of GBX 595.51. The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54.

Pennon Group Cuts Dividend

The business 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. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 2.53%. Pennon Group’s dividend payout ratio is currently -152,500.00%.

Pennon Group Company Profile

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.