Impax Asset Management Group (LON:IPX) Stock Passes Below 200-Day Moving Average – Here’s Why

Impax Asset Management Group Plc (LON:IPX) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 115.92 and traded as low as GBX 111.80. Impax Asset Management Group shares last traded at GBX 113.60, with a volume of 405,507 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 170 price objective on shares of Impax Asset Management Group in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Impax Asset Management Group presently has a consensus rating of “Buy” and a consensus price target of GBX 197.50.

Impax Asset Management Group Stock Up 1.9%

The company’s 50-day moving average price is GBX 107.13 and its 200 day moving average price is GBX 115.92. The company has a debt-to-equity ratio of 4.53, a quick ratio of 2.26 and a current ratio of 46.93. The stock has a market cap of £140.94 million, a PE ratio of 11.05, a price-to-earnings-growth ratio of 5.05 and a beta of 1.31.

Impax Asset Management Group (LON:IPX) last posted its quarterly earnings data on Wednesday, May 20th. The company reported GBX 4.40 earnings per share (EPS) for the quarter. Impax Asset Management Group had a net margin of 10.53% and a return on equity of 11.90%. The company had revenue of GBX 5,881 million for the quarter.

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. These trends will drive growth for well positioned companies and create risks for those unable or unwilling to adapt.