Impax Asset Management Group (LON:IPX) Shares Cross Above 50-Day Moving Average - Time to Sell?

Impax Asset Management Group Plc (LON:IPX - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 184.55 ($2.48) and traded as high as GBX 210 ($2.82). Impax Asset Management Group shares last traded at GBX 207.50 ($2.78), with a volume of 314,778 shares.

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price target on shares of Impax Asset Management Group from GBX 330 ($4.43) to GBX 300 ($4.02) and set a "buy" rating on the stock in a research report on Wednesday, July 9th.

Impax Asset Management Group Price Performance

The stock has a market capitalization of £262.25 million, a price-to-earnings ratio of 6.59, a P/E/G ratio of 5.05 and a beta of 1.64. The company has a quick ratio of 2.26, a current ratio of 3.23 and a debt-to-equity ratio of 5.94. The business's 50 day simple moving average is GBX 186.36 and its 200-day simple moving average is GBX 183.97.

Impax Asset Management Group (LON:IPX - Get Free Report) last announced its quarterly earnings data 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 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.