Impax Environmental Markets (LON:IEM) Reaches New 52-Week High – Here’s Why

Shares of Impax Environmental Markets (LON:IEM) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 469 and last traded at GBX 460.04, with a volume of 370786 shares trading hands. The stock had previously closed at GBX 459.99.

Impax Environmental Markets Stock Down 0.2%

The company’s 50-day moving average is GBX 438.43 and its 200 day moving average is GBX 420.50. The company has a market capitalization of £890.68 million, a PE ratio of -67.82 and a beta of 1.22. The company has a debt-to-equity ratio of 10.70, a quick ratio of 1.90 and a current ratio of 3.19.

Impax Environmental Markets (LON:IEM) last announced its quarterly earnings data 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 for the quarter.

Insider Activity at Impax Environmental Markets

In related news, insider Guy Walker sold 22,858 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total transaction of £113,147.10. Also, insider Elizabeth Surkovic sold 4,224 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total transaction of £20,908.80. Insiders sold a total of 90,957 shares of company stock worth $45,023,715 in the last ninety days. 0.11% of the stock is currently owned by company insiders.

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).