Impax Asset Management Group (LON:IPX) Hits New 52-Week Low - Here's What Happened

Impax Asset Management Group Plc (LON:IPX - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 198.80 ($2.43) and last traded at GBX 207 ($2.53), with a volume of 736521 shares traded. The stock had previously closed at GBX 202.50 ($2.48).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price target on Impax Asset Management Group from GBX 560 ($6.85) to GBX 510 ($6.24) and set a "buy" rating for the company in a research report on Friday, December 13th.

Impax Asset Management Group Stock Up 2.2 %

The company has a current ratio of 3.59, a quick ratio of 2.26 and a debt-to-equity ratio of 6.93. The firm has a market cap of £264.88 million, a P/E ratio of 667.74, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The stock's fifty day moving average is GBX 286.77 and its two-hundred day moving average is GBX 349.18.

Impax Asset Management Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be issued a GBX 22.90 ($0.28) dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a dividend yield of 7.12%. This is a boost from Impax Asset Management Group's previous dividend of $4.70. Impax Asset Management Group's dividend payout ratio is presently 9,032.26%.

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.