Impax Asset Management Group (LON:IPX) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Impax Asset Management Group Plc (LON:IPX) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 381.98 ($4.96) and traded as high as GBX 394 ($5.12). Impax Asset Management Group shares last traded at GBX 386.50 ($5.02), with a volume of 197,591 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on shares of Impax Asset Management Group from GBX 620 ($8.05) to GBX 560 ($7.27) and set a “buy” rating on the stock in a report on Tuesday, October 8th.

Impax Asset Management Group Stock Up 0.1 %

The company has a debt-to-equity ratio of 6.93, a current ratio of 3.59 and a quick ratio of 2.26. The stock’s fifty day simple moving average is GBX 381.98 and its 200-day simple moving average is GBX 412.83. The stock has a market cap of £495.21 million, a P/E ratio of 1,246.77, a PEG ratio of 5.05 and a beta of 1.64.

Insider Buying and Selling

In other Impax Asset Management Group news, insider Ian Simm sold 2,600 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of GBX 365 ($4.74), for a total value of £9,490 ($12,321.47). Company insiders own 19.34% of the company’s stock.

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.