Impax Environmental Markets (LON:IEM) Sets New 12-Month High – Time to Buy?

Impax Environmental Markets (LON:IEM) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 466 and last traded at GBX 460.95, with a volume of 191082 shares trading hands. The stock had previously closed at GBX 458.

Impax Environmental Markets Stock Up 0.8%

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 stock has a market cap of £875.52 million, a price-to-earnings ratio of -66.67 and a beta of 1.22. The firm’s 50-day simple moving average is GBX 434.16 and its two-hundred day simple moving average is GBX 418.71.

Impax Environmental Markets (LON:IEM) last issued its quarterly earnings results on Monday, March 30th. The company reported GBX 4.94 EPS for the quarter. Impax Environmental Markets had a negative net margin of 449.13% and a negative return on equity of 1.74%. The company had revenue of GBX 1,526 million during the quarter.

Insider Transactions at Impax Environmental Markets

In other Impax Environmental Markets news, insider Glen Suarez sold 30,875 shares of Impax Environmental Markets stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total value of £152,831.25. Also, insider Guy Walker sold 22,858 shares of Impax Environmental Markets stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total transaction of £113,147.10. In the last 90 days, insiders have sold 90,957 shares of company stock valued at $45,023,715. 0.11% of the stock is currently owned by 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).