Impax Environmental Markets (LON:IEM) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Impax Environmental Markets (LON:IEM) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 382.86 ($4.69) and traded as low as GBX 382 ($4.68). Impax Environmental Markets shares last traded at GBX 386 ($4.72), with a volume of 633,523 shares trading hands.

Impax Environmental Markets Stock Performance

The business has a 50-day moving average of GBX 382.86 and a two-hundred day moving average of GBX 386.23. The company has a debt-to-equity ratio of 7.65, a current ratio of 2.19 and a quick ratio of 1.90. The company has a market cap of £984.21 million, a P/E ratio of -9,799.75 and a beta of 0.79.

Insider Activity

In other Impax Environmental Markets news, insider Guy Walker purchased 5,278 shares of Impax Environmental Markets stock in a transaction dated Monday, December 9th. The shares were acquired at an average cost of GBX 379 ($4.64) per share, with a total value of £20,003.62 ($24,484.24). 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).