Impax Environmental Markets (LON:IEM) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Impax Environmental Markets (LON:IEM)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 436.43 and traded as low as GBX 431. Impax Environmental Markets shares last traded at GBX 438, with a volume of 16,474 shares.

Impax Environmental Markets Stock Up 0.6%

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 £171.28 million, a price-to-earnings ratio of -63.60 and a beta of 1.22. The stock’s fifty day simple moving average is GBX 448.74 and its two-hundred day simple moving average is GBX 436.43.

Insiders Place Their Bets

In related news, insider Glen Suarez sold 30,875 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total transaction of £152,831.25. Also, insider Aine Kelly sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of GBX 495, for a total transaction of £79,200. Over the last three months, insiders sold 90,957 shares of company stock worth $45,023,715. Company insiders own 0.30% of the company’s stock.

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).