Impax Asset Management Group (LON:IPX) Sets New 52-Week Low – Here’s Why

by · The Cerbat Gem

Impax Asset Management Group Plc (LON:IPX – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 310 ($3.92) and last traded at GBX 327.11 ($4.14), with a volume of 1359873 shares trading hands. The stock had previously closed at GBX 320 ($4.05).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on Impax Asset Management Group from GBX 620 ($7.85) to GBX 560 ($7.09) and set a “buy” rating for the company in a report on Tuesday, October 8th.

View Our Latest Stock Report on Impax Asset Management Group

Impax Asset Management Group Trading Up 2.2 %

The firm’s 50 day simple moving average is GBX 369.94 and its 200-day simple moving average is GBX 397.83. The company has a quick ratio of 2.26, a current ratio of 3.59 and a debt-to-equity ratio of 6.93. The company has a market capitalization of £418.57 million, a PE ratio of 1,045.16, a P/E/G ratio of 5.05 and a beta of 1.64.

Insider Buying and Selling

In other Impax Asset Management Group news, insider Ian Simm sold 2,600 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of GBX 365 ($4.62), for a total transaction of £9,490 ($12,008.10). 19.34% of the stock is owned by corporate insiders.

Impax Asset Management Group Company Profile

(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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