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Impax Environmental Markets (LON:IEM) Stock Crosses Below 50 Day Moving Average - Here's Why

Impax Environmental Markets logo with Financial Services background

Impax Environmental Markets (LON:IEM - Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 388.09 ($5.05) and traded as low as GBX 386 ($5.02). Impax Environmental Markets shares last traded at GBX 389 ($5.06), with a volume of 673,244 shares trading hands.

Impax Environmental Markets Stock Performance

The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.90 and a current ratio of 2.19. The firm has a 50 day moving average price of GBX 388.19 and a two-hundred day moving average price of GBX 389.92. The company has a market capitalization of £986.74 million, a P/E ratio of -9,843.33 and a beta of 0.79.

Insiders Place Their Bets

In related news, insider Stephanie Eastment bought 1,000 shares of the business's stock in a transaction on Thursday, October 3rd. The shares were purchased at an average price of GBX 392 ($5.10) per share, with a total value of £3,920 ($5,102.84). Company insiders own 2.78% of the company's stock.

Impax Environmental Markets Company Profile

(Get Free Report)

Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies which provide, utilize, implement or advise upon technology-based systems, products or services in environmental markets, particularly of those in the alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management sectors.

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