Impax Environmental Markets (LON:IEM) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Impax Environmental Markets (LON:IEM) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 393.41 ($5.30) and traded as high as GBX 397.29 ($5.35). Impax Environmental Markets shares last traded at GBX 397 ($5.35), with a volume of 1,249,111 shares.

Impax Environmental Markets Price Performance

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 firm’s 50 day simple moving average is GBX 393.41 and its 200 day simple moving average is GBX 371.05. The stock has a market capitalization of £795.50 million, a PE ratio of -1,916.95 and a beta of 0.79.

Impax Environmental Markets (LON:IEM) last issued its earnings results on Wednesday, August 6th. The company reported GBX 3.44 EPS for the quarter. Impax Environmental Markets had a negative net margin of 691.26% and a negative return on equity of 0.93%.

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).