Impax Asset Management Group (LON:IPX) Sets New 1-Year Low – Here’s Why

Shares of Impax Asset Management Group Plc (LON:IPX) hit a new 52-week low on Thursday . The stock traded as low as GBX 220.50 ($2.73) and last traded at GBX 224 ($2.77), with a volume of 578262 shares traded. The stock had previously closed at GBX 242.50 ($3.00).

Analyst Ratings Changes

Separately, Berenberg Bank dropped their price target on shares of Impax Asset Management Group from GBX 560 ($6.92) to GBX 510 ($6.30) and set a “buy” rating on the stock in a research note on Friday, December 13th.

Impax Asset Management Group Trading Down 7.6 %

The company has a fifty day moving average of GBX 300.94 and a 200-day moving average of GBX 355.30. The company has a current ratio of 3.59, a quick ratio of 2.26 and a debt-to-equity ratio of 6.93. The company has a market capitalization of £286.63 million, a price-to-earnings ratio of 722.58, a PEG ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be issued a dividend of GBX 22.90 ($0.28) per share. This is a positive change from Impax Asset Management Group’s previous dividend of $4.70. The ex-dividend date of this dividend is Thursday, February 20th. This represents a dividend yield of 7.12%. Impax Asset Management Group’s dividend payout ratio is presently 9,032.26%.

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.