Impax Environmental Markets (LON:IEM) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Impax Environmental Markets (LON:IEMGet Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 442.87 and traded as high as GBX 467. Impax Environmental Markets shares last traded at GBX 460, with a volume of 4,496,674 shares trading hands.

Impax Environmental Markets Price Performance

The stock has a market capitalization of £180.59 million, a P/E ratio of -65.37 and a beta of 1.22. The business has a fifty day simple moving average of GBX 442.87 and a 200 day simple moving average of GBX 422.63. The company has a current ratio of 3.19, a quick ratio of 1.90 and a debt-to-equity ratio of 10.70.

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

Insiders Place Their Bets

In other news, insider Guy Walker sold 22,858 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total value of £113,147.10. Also, insider Stephanie Eastment sold 17,000 shares of the company’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 £84,150. Insiders sold a total of 90,957 shares of company stock worth $45,023,715 in the last three months. 0.30% of the stock is owned by corporate insiders.

About Impax Environmental Markets

(Get Free Report)

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).

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