Impax Asset Management Group (LON:IPX) Share Price Passes Below 200-Day Moving Average – Here’s Why

Impax Asset Management Group Plc (LON:IPX) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 414.53 ($5.41) and traded as low as GBX 388.40 ($5.07). Impax Asset Management Group shares last traded at GBX 411 ($5.37), with a volume of 209,842 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their price objective on shares of Impax Asset Management Group from GBX 620 ($8.10) to GBX 560 ($7.31) and set a “buy” rating for the company in a research report on Tuesday, October 8th.

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 stock has a 50-day moving average of GBX 378 and a 200-day moving average of GBX 414.53. The firm has a market cap of £518.24 million, a price-to-earnings ratio of 1,325.81, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64.

Insider Transactions at Impax Asset Management Group

In other Impax Asset Management Group news, insider Ian Simm sold 2,600 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of GBX 365 ($4.77), for a total transaction of £9,490 ($12,392.27). In related news, insider Ian Simm sold 2,600 shares of Impax Asset Management Group stock in a transaction dated Friday, September 6th. The shares were sold at an average price of GBX 365 ($4.77), for a total transaction of £9,490 ($12,392.27). 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 price of GBX 407 ($5.31) per share, with a total value of £48,840 ($63,776.44). 19.34% of the stock is currently owned by 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.