Impax Asset Management Group (LON:IPX) Shares Cross Below 200-Day Moving Average – Here’s Why

Impax Asset Management Group Plc (LON:IPX)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 115.92 and traded as low as GBX 111.80. Impax Asset Management Group shares last traded at GBX 113.60, with a volume of 405,507 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 170 price objective on shares of Impax Asset Management Group in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Impax Asset Management Group has an average rating of “Buy” and a consensus target price of GBX 197.50.

Impax Asset Management Group Stock Performance

The stock’s 50-day moving average is GBX 106.78 and its 200 day moving average is GBX 115.92. The stock has a market cap of £137.05 million, a price-to-earnings ratio of 10.74, a P/E/G ratio of 5.05 and a beta of 1.31. The company has a debt-to-equity ratio of 4.53, a current ratio of 46.93 and a quick ratio of 2.26.

Impax Asset Management Group (LON:IPX) last released its earnings results on Wednesday, May 20th. The company reported GBX 4.40 earnings per share (EPS) for the quarter. The company had revenue of GBX 5,881 million for the quarter. Impax Asset Management Group had a return on equity of 11.90% and a net margin of 10.53%.

Impax Asset Management Group Company Profile

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. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.