Impax Asset Management Group (LON:IPX) Shares Pass Below 200 Day Moving Average – What’s Next?

Impax Asset Management Group Plc (LON:IPX) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 368.93 ($4.62) and traded as low as GBX 241 ($3.02). Impax Asset Management Group shares last traded at GBX 245 ($3.07), with a volume of 109,464 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank cut their price objective on shares of Impax Asset Management Group from GBX 560 ($7.02) to GBX 510 ($6.39) and set a “buy” rating for the company in a report on Friday, December 13th.

Impax Asset Management Group Stock Performance

The business has a 50 day moving average of GBX 334.76 and a 200-day moving average of GBX 368.93. 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 company has a market capitalization of £313.50 million, a P/E ratio of 790.32, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be issued a GBX 22.90 ($0.29) dividend. This represents a dividend yield of 7.12%. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. The ex-dividend date of this dividend is Thursday, February 20th. Impax Asset Management Group’s dividend payout ratio is presently 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.