Impax Environmental Markets (LON:IEM) Shares Pass Above 50-Day Moving Average – Time to Sell?

Impax Environmental Markets (LON:IEM)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 401.42 and traded as high as GBX 403.51. Impax Environmental Markets shares last traded at GBX 399.25, with a volume of 466,304 shares changing hands.

Impax Environmental Markets Trading Up 1.3%

The stock has a market capitalization of £786.66 million, a P/E ratio of -19.59 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. The business has a 50-day moving average price of GBX 401.42 and a two-hundred day moving average price of GBX 386.93.

About Impax Environmental Markets

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).