Impax Asset Management Group (LON:IPX) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Posted by Chris Copeland on Jan 3rd, 2025

Impax Asset Management Group Plc (LON:IPX – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 360.70 ($4.46) and traded as low as GBX 241.50 ($2.99). Impax Asset Management Group shares last traded at GBX 247 ($3.06), with a volume of 78,051 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price objective on shares of Impax Asset Management Group from GBX 560 ($6.93) to GBX 510 ($6.31) and set a “buy” rating for the company in a report on Friday, December 13th.

View Our Latest Research Report on Impax Asset Management Group

Impax Asset Management Group Stock Performance

The company has a debt-to-equity ratio of 6.93, a quick ratio of 2.26 and a current ratio of 3.59. The stock has a 50-day moving average of GBX 310.09 and a 200-day moving average of GBX 359.92. The firm has a market cap of £321.82 million, a price-to-earnings ratio of 811.29, a price-to-earnings-growth 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. Investors of record on Thursday, February 20th will be issued a dividend of GBX 22.90 ($0.28) per share. This represents a yield of 7.12%. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s dividend payout ratio is presently 9,032.26%.

Impax Asset Management Group Company Profile

(Get Free Report)

Impax Asset Management was founded in 1998 and has been a pioneer in the development of investing in the transition to a more sustainable global economy. We are one of the largest investment managers dedicated to investing in sustainable markets globally.

We believe that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency.