Impax Environmental Markets (LON:IEM) Sets New 52-Week High – Time to Buy?

Impax Environmental Markets (LON:IEM) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 473 and last traded at GBX 467.83, with a volume of 328727 shares traded. The stock had previously closed at GBX 462.50.

Impax Environmental Markets Stock Up 1.2%

The business’s 50-day moving average price is GBX 445.96 and its 200-day moving average price is GBX 424.13. The company has a quick ratio of 1.90, a current ratio of 3.19 and a debt-to-equity ratio of 10.70. The firm has a market capitalization of £186.51 million, a PE ratio of -67.51 and a beta of 1.22.

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. The business had revenue of GBX 1,526 million during the quarter. Impax Environmental Markets had a negative net margin of 449.13% and a negative return on equity of 1.74%.

Insider Transactions at Impax Environmental Markets

In related news, insider Stephanie Eastment sold 17,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of GBX 495, for a total value of £84,150. Also, insider Elizabeth Surkovic sold 4,224 shares of the stock in a transaction that occurred 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 valued at $45,023,715 in the last ninety days. 0.30% of the stock is currently 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).