Impax Environmental Markets (LON:IEM) Hits New 12-Month High - Should You Buy?

Key Points

• Impax Environmental Markets hit a new 52-week high during mid-day trading, reaching GBX 410.95 ($5.51) per share.
• The company has a market capitalization of £806.92 million and a PE ratio of -19.75, indicating challenges in profitability.
• Impax's investment focus is on cleaner and efficient services in sectors like energy, water, waste management, and technology-based environmental solutions.

Impax Environmental Markets (LON:IEM - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 410.95 ($5.51) and last traded at GBX 410.65 ($5.50), with a volume of 810777 shares trading hands. The stock had previously closed at GBX 409 ($5.48).

Impax Environmental Markets Stock Performance

The stock's fifty day simple moving average is GBX 397.54 and its two-hundred day simple moving average is GBX 377.60. The firm has a market cap of £806.92 million, a PE ratio of -19.75 and a beta of 0.79. The company has a quick ratio of 1.90, a current ratio of 2.19 and a debt-to-equity ratio of 7.65.

Impax Environmental Markets (LON:IEM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported GBX 3.44 EPS for the quarter. Impax Environmental Markets had a negative return on equity of 0.93% and a negative net margin of 691.26%.

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).

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