Pennon Group (OTCMKTS:PEGRY) Shares Gap Down – Should You Sell?

Pennon Group Plc (OTCMKTS:PEGRYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $12.96, but opened at $12.41. Pennon Group shares last traded at $12.41, with a volume of 197 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Pennon Group to a “hold” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

View Our Latest Analysis on Pennon Group

Pennon Group Trading Down 2.7%

The stock’s fifty day moving average is $12.62 and its two-hundred day moving average is $13.71.

About Pennon Group

(Get Free Report)

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.

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