Impax Asset Management Group (LON:IPX) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Impax Asset Management Group Plc (LON:IPX - Get Free Report) shares 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 ($2.79), with a volume of 314,778 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their target price on shares of Impax Asset Management Group from GBX 330 ($4.43) to GBX 300 ($4.03) and set a "buy" rating on the stock in a report on Wednesday, July 9th.

Impax Asset Management Group Stock Performance

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 stock's 50 day moving average price is GBX 185.45 and its 200 day moving average price is GBX 185.14. The company has a market capitalization of £254.65 million, a P/E ratio of 6.40, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group (LON:IPX - Get Free Report) last released 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 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.