Impax Environmental Markets (LON:IEM) Shares Cross Above Fifty Day Moving Average – Here’s Why

Impax Environmental Markets (LON:IEM)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 388.35 ($4.83) and traded as high as GBX 400.50 ($4.98). Impax Environmental Markets shares last traded at GBX 399 ($4.96), with a volume of 845,924 shares trading hands.

Impax Environmental Markets Trading Down 0.6 %

The firm has a 50-day moving average of GBX 388.35 and a 200 day moving average of GBX 388.20. The company has a market cap of £995.53 million, a P/E ratio of -9,912.50 and a beta of 0.79. The company has a current ratio of 2.19, a quick ratio of 1.90 and a debt-to-equity ratio of 7.65.

Insiders Place Their Bets

In related news, insider Guy Walker acquired 5,278 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of GBX 379 ($4.71) per share, for a total transaction of £20,003.62 ($24,877.03). Company insiders own 2.78% of the company’s stock.

Impax Environmental Markets Company Profile

The Company’s objective is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water and waste. Investments are made predominantly in quoted companies which provide, utilise, implement or advise upon technology-based systems, products or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management (which includes sustainable food, agriculture and forestry).