Impax Environmental Markets (LON:IEM) Stock Crosses Above 50-Day Moving Average – Here’s Why

Posted by Jessica Moore on Oct 20th, 2024

Impax Environmental Markets (LON:IEM – Get Free Report)’s stock price 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 traded.

Impax Environmental Markets Price Performance

The company’s 50-day moving average price is GBX 387.28 and its 200-day moving average price is GBX 390.35. The company has a quick ratio of 1.90, a current ratio of 2.19 and a debt-to-equity ratio of 7.65. The firm has a market cap of £988.00 million, a price-to-earnings ratio of -9,837.50 and a beta of 0.79.

Impax Environmental Markets Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were issued a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date was Thursday, August 15th. This represents a yield of 0.47%. Impax Environmental Markets’s dividend payout ratio (DPR) is presently -12,500.00%.

Insiders Place Their Bets

In related news, insider Stephanie Eastment acquired 1,000 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average price of GBX 392 ($5.12) per share, with a total value of £3,920 ($5,118.83). 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.