Impax Asset Management Group (LON:IPX) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

Impax Asset Management Group Plc (LON:IPX - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 157.27 ($2.12) and traded as high as GBX 191.60 ($2.58). Impax Asset Management Group shares last traded at GBX 183.60 ($2.47), with a volume of 482,932 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their target price on Impax Asset Management Group from GBX 440 ($5.92) to GBX 330 ($4.44) and set a "buy" rating on the stock in a research note on Tuesday, April 8th.

Impax Asset Management Group Stock Up 0.4%

The business has a 50 day simple moving average of GBX 157.06 and a 200 day simple moving average of GBX 209.85. The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26. The stock has a market cap of £233.62 million, a PE ratio of 5.87, a P/E/G ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group (LON:IPX - Get Free Report) last released its quarterly 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 return on equity of 32.67% and a net margin of 22.60%.

Impax Asset Management Group Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, February 20th were paid a dividend of GBX 22.90 ($0.31) per share. This represents a dividend yield of 7.12%. The ex-dividend date of this dividend was Thursday, February 20th. This is an increase from Impax Asset Management Group's previous dividend of $4.70. Impax Asset Management Group's dividend payout ratio is 89.19%.

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.