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

Impax Environmental Markets (LON:IEM)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 362.76 ($4.98) and traded as high as GBX 371 ($5.09). Impax Environmental Markets shares last traded at GBX 370.03 ($5.08), with a volume of 391,373 shares.

Impax Environmental Markets Trading Up 0.7%

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 fifty day moving average price of GBX 362.76 and a 200 day moving average price of GBX 370.55. The company has a market cap of £864.76 million, a price-to-earnings ratio of -92.65 and a beta of 0.79.

Insider Buying and Selling

In related news, insider Elizabeth Surkovic acquired 1,461 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of GBX 342 ($4.69) per share, with a total value of £4,996.62 ($6,856.90). 2.78% of the stock is currently owned by corporate 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).