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

Impax Asset Management Group Plc (LON:IPX) shares 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 traded.

Analyst Upgrades and Downgrades

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

Impax Asset Management Group Stock Down 0.2 %

The company has a market capitalization of £479.46 million, a P/E ratio of 1,211.29, a P/E/G ratio of 5.05 and a beta of 1.64. The company has a quick ratio of 2.26, a current ratio of 3.59 and a debt-to-equity ratio of 6.93. The firm has a fifty day simple moving average of GBX 383 and a 200-day simple moving average of GBX 422.23.

Insider Buying and Selling

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