Impax Asset Management Group (LON:IPX) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Impax Asset Management Group Plc (LON:IPX) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 101.14 and traded as low as GBX 92.90. Impax Asset Management Group shares last traded at GBX 92.90, with a volume of 527,921 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 170 target price on shares of Impax Asset Management Group in a report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 197.50.

Impax Asset Management Group Trading Up 3.5%

The stock has a market cap of £119.68 million, a PE ratio of 9.38, a price-to-earnings-growth ratio of 5.05 and a beta of 1.30. 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 company’s 50-day moving average price is GBX 101.18 and its 200 day moving average price is GBX 128.10.

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

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.