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

Impax Environmental Markets (LON:IEMGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 429 and last traded at GBX 423.40, with a volume of 595372 shares. The stock had previously closed at GBX 407.

Impax Environmental Markets Trading Up 5.9%

The company has a quick ratio of 1.90, a current ratio of 2.19 and a debt-to-equity ratio of 7.65. The stock’s fifty day simple moving average is GBX 398.43 and its 200 day simple moving average is GBX 397.38. The firm has a market capitalization of £820.67 million, a PE ratio of -20.81 and a beta of 0.79.

About Impax Environmental Markets

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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).

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