Pennon Group (OTCMKTS:PEGRY) Shares Gap Down – Time to Sell?

Pennon Group Plc (OTCMKTS:PEGRY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $14.46, but opened at $13.85. Pennon Group shares last traded at $13.85, with a volume of 389 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised Pennon Group to a “hold” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Pennon Group Trading Down 0.9%

The company has a 50 day moving average of $14.24 and a 200 day moving average of $14.43. The firm has a market cap of $3.27 billion and a price-to-earnings ratio of 22.31.

Pennon Group Company Profile

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.