Impax Asset Management Group (LON:IPX) Stock Passes Below 200-Day Moving Average – Time to Sell?

Impax Asset Management Group Plc (LON:IPX) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 409.46 ($5.31) and traded as low as GBX 351 ($4.55). Impax Asset Management Group shares last traded at GBX 351 ($4.55), with a volume of 223,576 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price objective on Impax Asset Management Group from GBX 620 ($8.04) to GBX 560 ($7.26) and set a “buy” rating on the stock in a research note on Tuesday, October 8th.

Impax Asset Management Group Trading Down 4.7 %

The business has a fifty day moving average of GBX 379.90 and a 200-day moving average of GBX 409.46. The stock has a market capitalization of £449.14 million, a price-to-earnings ratio of 1,132.26, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The company has a debt-to-equity ratio of 6.93, a current ratio of 3.59 and a quick ratio of 2.26.

Insider Buying and Selling

In related 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 ($4.73), for a total transaction of £9,490 ($12,307.09). 19.34% of the stock is owned by corporate insiders.

About Impax Asset Management Group

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.