Impax Environmental Markets (LON:IEM) Reaches New 12-Month High – Should You Buy?

Impax Environmental Markets (LON:IEM)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 466 and last traded at GBX 460.95, with a volume of 191082 shares. The stock had previously closed at GBX 458.

Impax Environmental Markets Price Performance

The company has a debt-to-equity ratio of 10.70, a quick ratio of 1.90 and a current ratio of 3.19. The firm has a market capitalization of £882.25 million, a P/E ratio of -67.18 and a beta of 1.22. The company has a 50-day moving average price of GBX 432.47 and a 200-day moving average price of GBX 417.83.

Impax Environmental Markets (LON:IEM) last posted its quarterly earnings results on Monday, March 30th. The company reported GBX 4.94 earnings per share (EPS) for the quarter. Impax Environmental Markets had a negative return on equity of 1.74% and a negative net margin of 449.13%.The business had revenue of GBX 1,526 million for the quarter.

Insider Buying and Selling at Impax Environmental Markets

In related news, insider Aine Kelly sold 16,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of GBX 495, for a total transaction of £79,200. Also, insider Elizabeth Surkovic sold 4,224 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of GBX 495, for a total value of £20,908.80. Insiders have sold a total of 90,957 shares of company stock worth $45,023,715 in the last three months. 0.11% of the stock is owned by insiders.

Impax Environmental Markets Company Profile

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).