Impax Environmental Markets (LON:IEM) Share Price Passes Above 50 Day Moving Average – Here’s Why

Impax Environmental Markets (LON:IEM)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 391.54 ($4.94) and traded as high as GBX 393 ($4.96). Impax Environmental Markets shares last traded at GBX 387 ($4.88), with a volume of 1,114,443 shares trading hands.

Impax Environmental Markets Trading Down 0.1 %

The stock has a market capitalization of £897.95 million, a PE ratio of -96.21 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 firm has a 50-day moving average price of GBX 391.54 and a 200-day moving average price of GBX 388.24.

Insider Activity at Impax Environmental Markets

In related news, insider Guy Walker purchased 5,278 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of GBX 379 ($4.78) per share, with a total value of £20,003.62 ($25,244.35). 2.78% of the stock is owned by company insiders.

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).