Impax Environmental Markets (LON:IEM) Shares Break Above 50 Day Moving Average – Here’s What Happened

Impax Environmental Markets (LON:IEM) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 443.16 and traded as high as GBX 447.97. Impax Environmental Markets shares last traded at GBX 447, with a volume of 25,540 shares changing hands.

Impax Environmental Markets Trading Down 0.9%

The company has a market cap of £172.15 million, a price-to-earnings ratio of 4.53 and a beta of 1.15. The firm’s 50-day moving average price is GBX 443.22 and its 200 day moving average price is GBX 443.84.

Impax Environmental Markets (LON:IEM) last posted its quarterly earnings results on Wednesday, September 30th. The company reported GBX 1.29 earnings per share for the quarter. Impax Environmental Markets had a net margin of 91.92% and a return on equity of 34.42%.

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).