Impax Asset Management Group (LON:IPX) Hits New 1-Year Low - What's Next?

Impax Asset Management Group Plc (LON:IPX - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 169 ($2.15) and last traded at GBX 173 ($2.20), with a volume of 2223246 shares traded. The stock had previously closed at GBX 173.80 ($2.21).

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped 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 research report on Friday, December 13th.

Impax Asset Management Group Trading Up 0.7 %

The stock has a market cap of £220.44 million, a PE ratio of 5.54, a PEG ratio of 5.05 and a beta of 1.64. The business has a 50-day moving average of GBX 217.06 and a 200 day moving average of GBX 307.24. The company has a debt-to-equity ratio of 5.94, a quick ratio of 2.26 and a current ratio of 3.23.

Impax Asset Management Group (LON:IPX - Get Free Report) last issued its quarterly earnings results on Thursday, November 28th. The company reported GBX 28.50 ($0.36) 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%.

Impax Asset Management Group Increases Dividend

The firm 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. This represents a yield of 7.12%. This is a positive change from Impax Asset Management Group's previous dividend of $4.70. The ex-dividend date is Thursday, February 20th. Impax Asset Management Group's dividend payout ratio (DPR) is presently 89.19%.

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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.