Impax Environmental Markets (LON:IEM) Shares Pass Above Fifty Day Moving Average – What’s Next?

Impax Environmental Markets (LON:IEM) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 383.31 ($4.76) and traded as high as GBX 389 ($4.83). Impax Environmental Markets shares last traded at GBX 389 ($4.83), with a volume of 652,014 shares.

Impax Environmental Markets Stock Down 0.3 %

The firm’s 50 day moving average price is GBX 383.31 and its two-hundred day moving average price is GBX 386.50. 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 company has a market capitalization of £976.70 million, a P/E ratio of -9,725.00 and a beta of 0.79.

Insider Activity at Impax Environmental Markets

In related news, insider Guy Walker purchased 5,278 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of GBX 379 ($4.71) per share, for a total transaction of £20,003.62 ($24,849.22). 2.78% of the stock is owned by insiders.

About Impax Environmental Markets

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.