Impax Asset Management Group (LON:IPX) Reaches New 52-Week Low – Here’s What Happened

Impax Asset Management Group Plc (LON:IPX) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 198.80 ($2.43) and last traded at GBX 207 ($2.53), with a volume of 736521 shares changing hands. The stock had previously closed at GBX 202.50 ($2.48).

Analyst Ratings Changes

Separately, Berenberg Bank cut their price objective on shares of Impax Asset Management Group from GBX 560 ($6.85) to GBX 510 ($6.24) and set a “buy” rating for the company in a research report on Friday, December 13th.

Impax Asset Management Group Price Performance

The company has a current ratio of 3.59, a quick ratio of 2.26 and a debt-to-equity ratio of 6.93. The stock has a fifty day simple moving average of GBX 284.15 and a two-hundred day simple moving average of GBX 348.17. The company has a market cap of £276.71 million, a PE ratio of 697.58, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, February 20th will be paid a GBX 22.90 ($0.28) dividend. The ex-dividend date is Thursday, February 20th. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. This represents a dividend yield of 7.12%. Impax Asset Management Group’s payout ratio is 9,032.26%.

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.