Impax Asset Management Group (LON:IPX) Shares Down 10.9% – Here’s What Happened

Impax Asset Management Group Plc (LON:IPX)’s share price traded down 10.9% during mid-day trading on Thursday . The stock traded as low as GBX 185 ($2.34) and last traded at GBX 185.80 ($2.35). 782,310 shares traded hands during trading, an increase of 3% from the average session volume of 758,854 shares. The stock had previously closed at GBX 208.50 ($2.63).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their target price on shares of Impax Asset Management Group from GBX 560 ($7.08) to GBX 510 ($6.44) and set a “buy” rating for the company in a report on Friday, December 13th.

Impax Asset Management Group Stock Down 0.1 %

The company has a debt-to-equity ratio of 5.94, a current ratio of 3.23 and a quick ratio of 2.26. The business’s fifty day simple moving average is GBX 223.41 and its two-hundred day simple moving average is GBX 314.74. The company has a market cap of £237.29 million, a PE ratio of 5.97, a PEG ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group (LON:IPX) last released its earnings results on Thursday, November 28th. The company reported GBX 28.50 ($0.36) EPS for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

Impax Asset Management Group Increases Dividend

The firm also recently announced 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 of this dividend is Thursday, February 20th. Impax Asset Management Group’s dividend payout ratio (DPR) is 89.19%.

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.