Impax Asset Management Group (LON:IPX) Stock Passes Below Fifty Day Moving Average of $383.00

Impax Asset Management Group Plc (LON:IPX)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 383 ($5.11) and traded as low as GBX 368.25 ($4.92). Impax Asset Management Group shares last traded at GBX 375.50 ($5.01), with a volume of 170,889 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price objective on shares of Impax Asset Management Group from GBX 700 ($9.34) to GBX 620 ($8.28) and set a “buy” rating on the stock in a research note on Wednesday, July 10th.

Impax Asset Management Group Price Performance

The stock has a fifty day moving average of GBX 383 and a two-hundred day moving average of GBX 422.23. The company has a current ratio of 3.59, a quick ratio of 2.26 and a debt-to-equity ratio of 6.93. The stock has a market capitalization of £479.46 million, a price-to-earnings ratio of 1,211.29, a PEG ratio of 5.05 and a beta of 1.64.

Insider Activity

In related news, insider Lyle Logan bought 12,000 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was bought at an average cost of GBX 407 ($5.43) per share, with a total value of £48,840 ($65,189.54). In other news, insider Ian Simm sold 2,600 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of GBX 365 ($4.87), for a total transaction of £9,490 ($12,666.84). Also, insider Lyle Logan purchased 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was purchased at an average price of GBX 407 ($5.43) per share, for a total transaction of £48,840 ($65,189.54). 19.43% of the stock is currently owned by corporate insiders.

Impax Asset Management Group Company Profile

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.