Impax Environmental Markets (LON:IEM) Hits New 52-Week High - Should You Buy?

Key Points

• Impax Environmental Markets (LON:IEM) hit a new 52-week high
• Despite the price gain, the company shows weak profitability metrics — a negative PE (-65.30), negative return on equity (-1.74%) and a steep net margin of -64.49% — even as it reported GBX 4.94 EPS and GBX 1,526 million revenue for the quarter.
• Impax focuses on investments in environmental markets, targeting companies in clean energy, energy efficiency, water treatment and waste/resource management to capture long-term sustainability-driven growth.

Impax Environmental Markets (LON:IEM - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 454 and last traded at GBX 452.54, with a volume of 2222469 shares. The stock had previously closed at GBX 450.

Impax Environmental Markets Stock Up 0.6%

The company has a market cap of £857.59 million, a PE ratio of -65.30 and a beta of 1.23. The business has a 50-day simple moving average of GBX 426.12 and a 200-day simple moving average of GBX 413.69. The company has a quick ratio of 1.90, a current ratio of 3.19 and a debt-to-equity ratio of 10.70.

Impax Environmental Markets (LON:IEM - Get Free Report) last issued its quarterly earnings results on Monday, March 30th. The company reported GBX 4.94 earnings per share (EPS) for the quarter. The company had revenue of GBX 1,526 million for the quarter. Impax Environmental Markets had a negative return on equity of 1.74% and a negative net margin of 64.49%.

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).

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