Pennon Group (OTCMKTS:PEGRY) Shares Gap Down – Should You Sell?
by Danessa Lincoln · The Markets DailyPennon Group Plc (OTCMKTS:PEGRY – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $13.6750, but opened at $12.82. Pennon Group shares last traded at $12.82, with a volume of 101 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of Pennon Group to a “hold” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.
Get Our Latest Stock Report on Pennon Group
Pennon Group Price Performance
The company’s 50-day simple moving average is $14.22 and its two-hundred day simple moving average is $14.46. The firm has a market capitalization of $2.99 billion and a P/E ratio of 22.31.
About Pennon Group
Pennon Group (OTCMKTS:PEGRY) is a UK‐based utilities and environmental services company that operates through two main businesses: South West Water and Viridor. The group provides water supply, wastewater treatment and collection services to residential, commercial and industrial customers in the South West of England. Its water division serves regional communities with drinking water production, network maintenance and sewage treatment, while ensuring compliance with regulatory standards for water quality and environmental protection.
South West Water, Pennon’s core water operations arm, manages water resources and distribution infrastructure across Cornwall, Devon and parts of Dorset and Somerset.