Impax Asset Management Group (LON:IPX) Hits New 12-Month Low – Should You Sell?

Impax Asset Management Group Plc (LON:IPX)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 235 ($2.98) and last traded at GBX 235 ($2.98), with a volume of 497659 shares trading hands. The stock had previously closed at GBX 245.50 ($3.11).

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price objective on Impax Asset Management Group from GBX 560 ($7.10) to GBX 510 ($6.47) and set a “buy” rating for the company in a report on Friday.

Impax Asset Management Group Stock 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 £300.71 million, a P/E ratio of 774.71, a price-to-earnings-growth ratio of 5.05 and a beta of 1.64. The company has a fifty day moving average of GBX 349.90 and a two-hundred day moving average of GBX 375.80.

Impax Asset Management Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be paid a GBX 22.90 ($0.29) dividend. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. This represents a yield of 7.12%. The ex-dividend date is Thursday, February 20th. Impax Asset Management Group’s payout ratio is presently 9,032.26%.

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.