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

Shares of Impax Environmental Markets (LON:IEM) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 391.54 ($4.94) and traded as high as GBX 393 ($4.96). Impax Environmental Markets shares last traded at GBX 387 ($4.88), with a volume of 1,114,443 shares trading hands.

Impax Environmental Markets Price Performance

The company has a debt-to-equity ratio of 7.65, a current ratio of 2.19 and a quick ratio of 1.90. The business’s fifty day moving average price is GBX 391.54 and its 200-day moving average price is GBX 388.24. The stock has a market capitalization of £897.95 million, a price-to-earnings ratio of -96.21 and a beta of 0.79.

Insider Buying and Selling at Impax Environmental Markets

In related news, insider Guy Walker acquired 5,278 shares of the company’s stock in a transaction on Monday, December 9th. The shares were acquired at an average cost of GBX 379 ($4.78) per share, for a total transaction of £20,003.62 ($25,244.35). Company insiders own 2.78% of the company’s stock.

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).