Impax Environmental Markets (LON:IEM) Shares Down 1.4% – Should You Sell?

Shares of Impax Environmental Markets (LON:IEM) dropped 1.4% during trading on Friday. The company traded as low as GBX 418.50 and last traded at GBX 424. Approximately 11,635 shares changed hands during trading, a decline of 98% from the average daily volume of 571,963 shares. The stock had previously closed at GBX 430.

Impax Environmental Markets Stock Down 1.4%

The company has a market capitalization of £164.76 million, a P/E ratio of 4.33 and a beta of 1.14. The firm has a 50-day moving average price of GBX 436.83 and a two-hundred day moving average price of GBX 437.51.

Impax Environmental Markets (LON:IEM) last announced its earnings results on Wednesday, September 30th. The company reported GBX 1.29 earnings per share (EPS) for the quarter. Impax Environmental Markets had a net margin of 91.92% and a return on equity of 34.42%.

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).