Pennon Group (OTCMKTS:PEGRY) Shares Gap Down – What’s Next?

Pennon Group Plc (OTCMKTS:PEGRY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $9.20, but opened at $8.67. Pennon Group shares last traded at $8.67, with a volume of 588 shares trading hands.

Pennon Group Stock Up 1.7%

The business’s fifty day simple moving average is $10.63 and its 200-day simple moving average is $13.02.

Pennon Group Company Profile

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Pennon Group is a UK-based water and wastewater utility holding company. Through its regulated businesses, it provides drinking water and wastewater collection and treatment services to residential and business customers. Its principal water businesses include South West Water, Bristol Water and SES Water. Together, they serve communities in southwest England, the Bristol area and parts of southeast England. Pennon was formed following the privatisation of the water industry in England and Wales.

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