Impax Asset Management Group (LON:IPX) Reaches New 52-Week Low – Here’s What Happened

Shares of Impax Asset Management Group Plc (LON:IPX) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 152.58 ($2.00) and last traded at GBX 158 ($2.07), with a volume of 6417631 shares traded. The stock had previously closed at GBX 172 ($2.25).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their target price on shares of Impax Asset Management Group from GBX 560 ($7.34) to GBX 510 ($6.68) and set a “buy” rating for the company in a research report on Friday, December 13th.

Impax Asset Management Group Stock Down 8.1 %

The firm’s 50-day moving average price is GBX 195.42 and its 200 day moving average price is GBX 275.34. The company has a market capitalization of £200.17 million, a price-to-earnings ratio of 5.03, a PEG ratio of 5.05 and a beta of 1.64. The company has a current ratio of 3.23, a quick ratio of 2.26 and a debt-to-equity ratio of 5.94.

Impax Asset Management Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, February 20th were paid a GBX 22.90 ($0.30) dividend. This is a positive change from Impax Asset Management Group’s previous dividend of $4.70. The ex-dividend date was Thursday, February 20th. This represents a dividend yield of 7.12%. Impax Asset Management Group’s dividend payout ratio (DPR) is presently 89.19%.

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.