Impax Asset Management Group (LON:IPX) Reaches New 12-Month Low - Here's What Happened

Impax Asset Management Group Plc (LON:IPX - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 152.58 ($1.95) and last traded at GBX 158 ($2.02), with a volume of 6417631 shares changing hands. The stock had previously closed at GBX 172 ($2.20).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their target price on shares of Impax Asset Management Group from GBX 440 ($5.62) to GBX 330 ($4.22) and set a "buy" rating for the company in a research note on Tuesday.

Impax Asset Management Group Stock Up 3.1 %

The company has a market cap of £158.11 million, a PE ratio of 3.98, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The business has a fifty day simple moving average of GBX 189.41 and a two-hundred day simple moving average of GBX 267.93. The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94.

Impax Asset Management Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Investors of record on Thursday, February 20th were paid a dividend of GBX 22.90 ($0.29) per share. This represents a yield of 7.12%. The ex-dividend date of this dividend was Thursday, February 20th. This is a boost from Impax Asset Management Group's previous dividend of $4.70. Impax Asset Management Group's dividend payout ratio is currently 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.