Impax Asset Management Group (LON:IPX) Hits New 12-Month Low at $347.00

Impax Asset Management Group Plc (LON:IPX)’s share price hit a new 52-week low on Wednesday . The company traded as low as GBX 347 ($4.56) and last traded at GBX 366.50 ($4.82), with a volume of 181221 shares changing hands. The stock had previously closed at GBX 362 ($4.76).

Analyst Ratings Changes

Separately, Berenberg Bank cut their price target on shares of Impax Asset Management Group from GBX 700 ($9.20) to GBX 620 ($8.15) and set a “buy” rating on the stock in a research report on Wednesday, July 10th.

Impax Asset Management Group Price Performance

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 has a market capitalization of £464.49 million, a price-to-earnings ratio of 1,170.97, a P/E/G ratio of 5.05 and a beta of 1.64. The company’s 50-day simple moving average is GBX 387.45 and its 200-day simple moving average is GBX 431.59.

Insider Transactions at Impax Asset Management Group

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 ($4.80), for a total value of £9,490 ($12,478.63). In other Impax Asset Management Group news, insider Ian Simm sold 2,600 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of GBX 365 ($4.80), for a total transaction of £9,490 ($12,478.63). Also, insider Lyle Logan purchased 12,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was bought at an average cost of GBX 407 ($5.35) per share, with a total value of £48,840 ($64,220.91). 19.40% of the stock is currently owned by 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.