Impax Asset Management Group (LON:IPX) Hits New 52-Week Low – Should You Sell?

Shares of Impax Asset Management Group Plc (LON:IPX) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 235 ($2.94) and last traded at GBX 235 ($2.94), with a volume of 497659 shares traded. The stock had previously closed at GBX 245.50 ($3.07).

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price objective on shares of Impax Asset Management Group from GBX 560 ($7.00) to GBX 510 ($6.37) and set a “buy” rating on the stock in a research report on Friday, December 13th.

Impax Asset Management Group Trading Down 3.8 %

The firm has a market capitalization of £294.31 million, a PE ratio of 741.94, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The company has a debt-to-equity ratio of 6.93, a current ratio of 3.59 and a quick ratio of 2.26. The company has a fifty day moving average of GBX 344.04 and a 200-day moving average of GBX 373.14.

Impax Asset Management Group Increases Dividend

The firm 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 is Thursday, February 20th. This is a boost from Impax Asset Management Group’s previous dividend of $4.70. This represents a yield of 7.12%. Impax Asset Management Group’s payout ratio is 9,032.26%.

About Impax Asset Management Group

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.