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

Key Points

• Impax Asset Management Group's stock price fell below its 50-day moving average, trading as low as GBX 183.80 ($2.48), with the last trading price at GBX 191.20 ($2.58).
• Berenberg Bank has decreased its price target for Impax Asset Management Group from GBX 330 ($4.46) to GBX 300 ($4.05), while maintaining a "buy" rating for the stock.
• The company reported a market cap of £240.71 million and a return on equity of 32.67%, demonstrating strong performance metrics despite recent fluctuations in stock price.

Impax Asset Management Group Plc (LON:IPX - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 193.12 ($2.62) and traded as low as GBX 183.80 ($2.49). Impax Asset Management Group shares last traded at GBX 191.20 ($2.59), with a volume of 400,167 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank lowered their target price on Impax Asset Management Group from GBX 330 ($4.47) to GBX 300 ($4.07) and set a "buy" rating on the stock in a report on Wednesday, July 9th.

Impax Asset Management Group Trading Down 0.2%

The business has a fifty day moving average of GBX 192.78 and a 200-day moving average of GBX 180.93. The stock has a market capitalization of £234.38 million, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26.

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 return on equity of 32.67% and a net margin of 22.60%.

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.