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

Impax Asset Management Group Plc (LON:IPX - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 156.97 ($2.12) and traded as high as GBX 194.80 ($2.64). Impax Asset Management Group shares last traded at GBX 190.80 ($2.58), with a volume of 463,495 shares.

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price objective on shares of 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 Performance

The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94. The stock has a market capitalization of £241.72 million, a PE ratio of 6.08, a PEG ratio of 5.05 and a beta of 1.64. The firm's 50-day simple moving average is GBX 156.97 and its two-hundred day simple moving average is GBX 205.65.

Impax Asset Management Group (LON:IPX - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The company reported GBX 9.80 ($0.13) earnings per share 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 business also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, February 20th were paid a GBX 22.90 ($0.31) dividend. The ex-dividend date was Thursday, February 20th. This is an increase from Impax Asset Management Group's previous dividend of $4.70. This represents a dividend yield of 7.12%. Impax Asset Management Group's dividend payout ratio is 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.