Impax Asset Management Group (LON:IPX) Hits New 1-Year Low – Here’s Why

Impax Asset Management Group Plc (LON:IPX)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 310 ($3.92) and last traded at GBX 327.11 ($4.14), with a volume of 1359873 shares. The stock had previously closed at GBX 320 ($4.05).

Analyst Ratings Changes

Separately, Berenberg Bank cut their target price on shares of Impax Asset Management Group from GBX 620 ($7.85) to GBX 560 ($7.09) and set a “buy” rating on the stock in a research note on Tuesday, October 8th.

Impax Asset Management Group Stock Performance

The firm has a market capitalization of £418.57 million, a PE ratio of 1,045.16, a PEG ratio of 5.05 and a beta of 1.64. The firm’s fifty day moving average price is GBX 369.94 and its 200 day moving average price is GBX 397.83. The company has a current ratio of 3.59, a quick ratio of 2.26 and a debt-to-equity ratio of 6.93.

Insider Buying and Selling

In other Impax Asset Management Group news, insider Ian Simm sold 2,600 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of GBX 365 ($4.62), for a total transaction of £9,490 ($12,008.10). 19.34% of the stock is currently owned by corporate insiders.

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.