Impax Asset Management Group Plc (LON:IPX - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 368.93 ($4.63) and traded as low as GBX 241 ($3.02). Impax Asset Management Group shares last traded at GBX 245 ($3.07), with a volume of 109,464 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank dropped their price objective on shares of Impax Asset Management Group from GBX 560 ($7.02) to GBX 510 ($6.40) and set a "buy" rating for the company in a research note on Friday, December 13th.
Check Out Our Latest Stock Analysis on Impax Asset Management Group
Impax Asset Management Group Price Performance
The company has a debt-to-equity ratio of 6.93, a quick ratio of 2.26 and a current ratio of 3.59. The company has a market capitalization of £313.50 million, a P/E ratio of 790.32, a P/E/G ratio of 5.05 and a beta of 1.64. The firm's fifty day moving average is GBX 331.86 and its 200 day moving average is GBX 367.58.
Impax Asset Management Group Increases Dividend
The firm 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 ($0.29) dividend. This represents a dividend yield of 7.12%. This is an increase from Impax Asset Management Group's previous dividend of $4.70. The ex-dividend date of this dividend is Thursday, February 20th. Impax Asset Management Group's dividend payout ratio is presently 9,032.26%.
About Impax Asset Management Group
(
Get Free Report)
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.
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