Impax Asset Management Group (LON:IPX) Shares Cross Above 50-Day Moving Average - Here's Why

Shares of Impax Asset Management Group Plc (LON:IPX - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 157.27 ($2.13) and traded as high as GBX 191.60 ($2.59). Impax Asset Management Group shares last traded at GBX 183.60 ($2.48), with a volume of 482,932 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price target on Impax Asset Management Group from GBX 440 ($5.95) to GBX 330 ($4.46) and set a "buy" rating on the stock in a research report on Tuesday, April 8th.

Impax Asset Management Group Stock Up 2.3%

The company has a debt-to-equity ratio of 5.94, a quick ratio of 2.26 and a current ratio of 3.23. The firm has a fifty day simple moving average of GBX 156.67 and a 200-day simple moving average of GBX 206.90. The firm has a market cap of £238.18 million, a price-to-earnings ratio of 5.99, a P/E/G ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group (LON:IPX - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported GBX 9.80 ($0.13) earnings per share (EPS) for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

Impax Asset Management Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, February 20th were given a dividend of GBX 22.90 ($0.31) per share. This is a boost from Impax Asset Management Group's previous dividend of $4.70. The ex-dividend date was Thursday, February 20th. This represents a yield of 7.12%. Impax Asset Management Group's dividend payout ratio (DPR) is presently 89.19%.

About Impax Asset Management Group

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.