Impax Environmental Markets (LON:IEM) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Impax Environmental Markets (LON:IEM)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 421.47 and traded as high as GBX 441.50. Impax Environmental Markets shares last traded at GBX 439.97, with a volume of 528,782 shares traded.

Impax Environmental Markets Trading Up 2.1%

The business has a fifty day moving average price of GBX 421.47 and a 200 day moving average price of GBX 409.49. The company has a debt-to-equity ratio of 10.70, a quick ratio of 1.90 and a current ratio of 3.19. The company has a market capitalization of £837.74 million, a PE ratio of -63.49 and a beta of 1.23.

Impax Environmental Markets (LON:IEM) last announced its earnings results on Monday, March 30th. The company reported GBX 4.94 earnings per share for the quarter. The firm had revenue of GBX 1,526 million for the quarter. Impax Environmental Markets had a negative return on equity of 1.74% and a negative net margin of 64.49%.

Impax Environmental Markets Company Profile

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).