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Impax Environmental Markets (LON:IEM) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

Impax Environmental Markets logo with Financial Services background

Impax Environmental Markets (LON:IEM - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 387.28 ($5.06) and traded as high as GBX 394.05 ($5.15). Impax Environmental Markets shares last traded at GBX 393.50 ($5.14), with a volume of 987,622 shares changing hands.

Impax Environmental Markets Stock Performance

The firm has a fifty day moving average price of GBX 387.28 and a 200 day moving average price of GBX 390.35. 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 stock has a market cap of £988.00 million, a PE ratio of -9,837.50 and a beta of 0.79.

Impax Environmental Markets Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a GBX 1.80 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 0.47%. Impax Environmental Markets's payout ratio is currently -12,500.00%.

Insider Activity

In other news, insider Stephanie Eastment bought 1,000 shares of the firm's stock in a transaction on Thursday, October 3rd. The shares were bought at an average cost of GBX 392 ($5.12) per share, for a total transaction of £3,920 ($5,118.83). Company insiders own 2.78% of the company's stock.

About Impax Environmental Markets

(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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