Impax Asset Management Group (LON:IPX) Shares Cross Below 200-Day Moving Average of $1,071.91

Impax Asset Management Group plc (LON:IPX – Get Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,071.91 ($13.49) and traded as low as GBX 775 ($9.75). Impax Asset Management Group shares last traded at GBX 815 ($10.26), with a volume of 96,335 shares trading hands.

Separately, Berenberg Bank decreased their price objective on shares of Impax Asset Management Group from GBX 1,550 ($19.50) to GBX 1,350 ($16.99) and set a “buy” rating for the company in a report on Thursday, April 7th.

The stock has a market capitalization of £1.08 billion and a P/E ratio of 26.90. The company has a debt-to-equity ratio of 8.53, a quick ratio of 1.73 and a current ratio of 2.28. The firm has a fifty day moving average price of GBX 850.70 and a two-hundred day moving average price of GBX 1,070.66.

In other Impax Asset Management Group news, insider Ian Simm sold 1,300 shares of the stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of GBX 967 ($12.17), for a total value of £12,571 ($15,818.55). Also, insider Sally Bridgeland purchased 6,000 shares of the company’s stock in a transaction dated Friday, March 4th. The shares were acquired at an average price of GBX 848 ($10.67) per share, for a total transaction of £50,880 ($64,024.16).

About Impax Asset Management Group (LON:IPX)

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.

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