Impax Environmental Markets (LON:IEM) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Impax Environmental Markets (LON:IEM) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 388.09 ($5.05) and traded as low as GBX 386 ($5.02). Impax Environmental Markets shares last traded at GBX 389 ($5.06), with a volume of 673,244 shares traded.

Impax Environmental Markets Stock Performance

The stock has a market capitalization of £990.50 million, a price-to-earnings ratio of -9,725.00 and a beta of 0.79. The company’s fifty day simple moving average is GBX 388.09 and its 200 day simple moving average is GBX 389.87. The company has a quick ratio of 1.90, a current ratio of 2.19 and a debt-to-equity ratio of 7.65.

Insider Activity at Impax Environmental Markets

In other news, insider Stephanie Eastment purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average cost of GBX 392 ($5.10) per share, with a total value of £3,920 ($5,102.84). 2.78% of the stock is owned by company insiders.

Impax Environmental Markets Company Profile

Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies which provide, utilize, implement or advise upon technology-based systems, products or services in environmental markets, particularly of those in the alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management sectors.