Impax Asset Management Group (LON:IPX) Hits New 1-Year Low - Time to Sell?

Impax Asset Management Group Plc (LON:IPX - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as GBX 235 ($2.99) and last traded at GBX 235 ($2.99), with a volume of 497659 shares traded. The stock had previously closed at GBX 245.50 ($3.12).

Analyst Ratings Changes

Separately, Berenberg Bank decreased their price objective on Impax Asset Management Group from GBX 560 ($7.12) to GBX 510 ($6.48) and set a "buy" rating for the company in a report on Friday.

Impax Asset Management Group Stock Down 4.3 %

The company has a market capitalization of £300.71 million, a P/E ratio of 758.06, a PEG ratio of 5.05 and a beta of 1.64. The company has a 50 day moving average of GBX 349.90 and a 200-day moving average of GBX 375.80. The company has a debt-to-equity ratio of 6.93, a current ratio of 3.59 and a quick ratio of 2.26.

Impax Asset Management Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be paid a GBX 22.90 ($0.29) dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a yield of 7.12%. This is a boost from Impax Asset Management Group's previous dividend of $4.70. Impax Asset Management Group's payout ratio is presently 9,032.26%.

Impax Asset Management Group Company Profile

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.