Impax Environmental Markets (LON:IEM) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Impax Environmental Markets (LON:IEM) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 435.35 and traded as low as GBX 427.50. Impax Environmental Markets shares last traded at GBX 430.46, with a volume of 445,529 shares changing hands.

Impax Environmental Markets Stock 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 company has a market capitalization of £168.65 million, a PE ratio of -62.63 and a beta of 1.22. The company has a 50 day moving average price of GBX 451.66 and a 200 day moving average price of GBX 435.35.

Insider Transactions at Impax Environmental Markets

In other Impax Environmental Markets news, insider Guy Walker sold 22,858 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total transaction of £113,147.10. Also, insider Stephanie Eastment sold 17,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were 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 valued at $45,023,715 over the last ninety days. 0.30% 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).