Impax Asset Management Group (LON:IPX) Stock Price Passes Below 50 Day Moving Average of $446.23

Posted by Max Byerly on Jul 2nd, 2024

Impax Asset Management Group Plc (LON:IPX – Get Free Report)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 446.23 ($5.64) and traded as low as GBX 375.34 ($4.75). Impax Asset Management Group shares last traded at GBX 384 ($4.86), with a volume of 175,057 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 700 ($8.85) target price on shares of Impax Asset Management Group in a research report on Wednesday, May 29th.

Check Out Our Latest Stock Analysis on IPX

Impax Asset Management Group Trading Up 0.2 %

The business’s 50-day moving average price is GBX 446.23 and its 200-day moving average price is GBX 476.89. The firm has a market capitalization of £493.54 million, a PE ratio of 1,280.00, a price-to-earnings-growth ratio of 5.05 and a beta of 1.51. The company has a debt-to-equity ratio of 6.53, a current ratio of 3.15 and a quick ratio of 2.26.

Impax Asset Management Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 13th will be given a dividend of GBX 4.70 ($0.06) per share. This represents a yield of 0.94%. The ex-dividend date of this dividend is Thursday, June 13th. Impax Asset Management Group’s payout ratio is currently 9,333.33%.

Insider Buying and Selling at Impax Asset Management Group

In other Impax Asset Management Group news, insider Julia Bond bought 5,500 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was acquired at an average price of GBX 434 ($5.49) per share, for a total transaction of £23,870 ($30,192.26). 19.48% of the stock is currently owned by company insiders.

Impax Asset Management Group Company Profile

(Get Free Report)

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.