Impax Asset Management Group (LON:IPX) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of Impax Asset Management Group Plc (LON:IPX) passed 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 cut their price objective 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 research note on Tuesday, October 8th.

Impax Asset Management Group Price Performance

The stock has a market cap of £468.33 million, a PE ratio of 1,180.65, a P/E/G ratio of 5.05 and a beta of 1.64. The business has a 50 day moving average price of GBX 381.35 and a 200 day moving average price of GBX 411.98. The company has a quick ratio of 2.26, a current ratio of 3.59 and a debt-to-equity ratio of 6.93.

Insiders Place Their Bets

In related news, insider Ian Simm sold 2,600 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of GBX 365 ($4.74), for a total transaction of £9,490 ($12,321.47). Insiders own 19.34% of the company’s stock.

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.