Impax Asset Management Group (LON:IPX) Shares Pass Below 200 Day Moving Average – What’s Next?

Impax Asset Management Group Plc (LON:IPX) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 368.93 ($4.63) and traded as low as GBX 241 ($3.02). Impax Asset Management Group shares last traded at GBX 245 ($3.07), with a volume of 109,464 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their target price on shares of Impax Asset Management Group from GBX 560 ($7.02) to GBX 510 ($6.40) and set a “buy” rating for the company in a research note on Friday, December 13th.

Impax Asset Management Group Trading Up 2.7 %

The firm has a 50-day simple moving average of GBX 328.54 and a 200-day simple moving average of GBX 366.34. The company has a quick ratio of 2.26, a current ratio of 3.59 and a debt-to-equity ratio of 6.93. The stock has a market cap of £313.50 million, a PE ratio of 790.32, a P/E/G ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be paid a GBX 22.90 ($0.29) dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a yield of 7.12%. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s dividend payout ratio (DPR) is currently 9,032.26%.

Impax Asset Management Group Company Profile

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.