Impax Asset Management Group (LON:IPX) Share Price Crosses Above 50 Day Moving Average of $380.64

Posted by Defense World Staff on Oct 2nd, 2024

Impax Asset Management Group Plc (LON:IPX – Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 380.64 ($5.09) and traded as high as GBX 390.50 ($5.22). Impax Asset Management Group shares last traded at GBX 375.50 ($5.02), with a volume of 86,377 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price target on shares of Impax Asset Management Group from GBX 700 ($9.36) to GBX 620 ($8.29) and set a “buy” rating on the stock in a report on Wednesday, July 10th.

Read Our Latest Report on Impax Asset Management Group

Impax Asset Management Group Stock 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 £492.01 million, a P/E ratio of 1,211.29, a P/E/G ratio of 5.05 and a beta of 1.64. The business’s fifty day simple moving average is GBX 380.64 and its 200-day simple moving average is GBX 419.66.

Insider Buying and Selling at Impax Asset Management Group

In other Impax Asset Management Group news, insider Ian Simm sold 2,600 shares of Impax Asset Management Group stock in a transaction on Friday, September 6th. The shares were sold at an average price of GBX 365 ($4.88), for a total value of £9,490 ($12,693.95). In other news, insider Ian Simm sold 2,600 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of GBX 365 ($4.88), for a total value of £9,490 ($12,693.95). Also, insider Lyle Logan bought 12,000 shares of Impax Asset Management Group stock in a transaction dated Wednesday, July 24th. The stock was acquired at an average price of GBX 407 ($5.44) per share, for a total transaction of £48,840 ($65,329.05). 19.43% of the stock is currently owned by insiders.

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.