Impax Environmental Markets (LON:IEM) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Impax Environmental Markets (LON:IEM) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 382.86 ($4.69) and traded as low as GBX 382 ($4.68). Impax Environmental Markets shares last traded at GBX 386 ($4.72), with a volume of 633,523 shares trading hands.

Impax Environmental Markets Trading Up 0.8 %

The stock has a market capitalization of £984.21 million, a P/E ratio of -9,799.75 and a beta of 0.79. The stock’s fifty day moving average price is GBX 382.86 and its 200 day moving average price is GBX 386.23. The company has a debt-to-equity ratio of 7.65, a current ratio of 2.19 and a quick ratio of 1.90.

Insider Buying and Selling at Impax Environmental Markets

In other news, insider Guy Walker bought 5,278 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of GBX 379 ($4.64) per share, with a total value of £20,003.62 ($24,484.24). 2.78% of the stock is 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).