Impax Environmental Markets (LON:IEM) Trading 0.4% Higher – Time to Buy?

Impax Environmental Markets (LON:IEM) shot up 0.4% during trading on Thursday . The stock traded as high as GBX 378.53 ($4.83) and last traded at GBX 378.50 ($4.83). 1,657,904 shares traded hands during trading, an increase of 124% from the average session volume of 739,829 shares. The stock had previously closed at GBX 377 ($4.81).

Impax Environmental Markets Price Performance

The business’s fifty day moving average price is GBX 388.13 and its 200 day moving average price is GBX 388.67. The company has a debt-to-equity ratio of 7.65, a current ratio of 2.19 and a quick ratio of 1.90. The stock has a market cap of £959.13 million, a P/E ratio of -9,550.00 and a beta of 0.79.

Insider Activity at Impax Environmental Markets

In other Impax Environmental Markets news, insider Stephanie Eastment acquired 1,000 shares of Impax Environmental Markets stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average price of GBX 392 ($5.00) per share, with a total value of £3,920 ($4,997.45). 2.78% of the stock is owned by insiders.

About Impax Environmental Markets

Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies which provide, utilize, implement or advise upon technology-based systems, products or services in environmental markets, particularly of those in the alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management sectors.