Impax Environmental Markets (LON:IEM) Reaches New 52-Week High - Still a Buy?

Key Points

• Impax Environmental Markets shares reached a new 52-week high of GBX 410.50 ($5.50) during trading, indicating strong investor interest.
• The company reported a negative return on equity of 0.93% and a staggering negative net margin of 691.26% in its latest earnings results.
• Impax Environmental Markets focuses on investments in technology-based systems and services in environmental markets, including alternative energy and waste management.

Shares of Impax Environmental Markets (LON:IEM - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 410.50 ($5.50) and last traded at GBX 410 ($5.50), with a volume of 72681 shares trading hands. The stock had previously closed at GBX 407 ($5.46).

Impax Environmental Markets Trading Up 0.5%

The company has a 50 day moving average of GBX 395.93 and a 200 day moving average of GBX 374.35. The company has a current ratio of 2.19, a quick ratio of 1.90 and a debt-to-equity ratio of 7.65. The firm has a market cap of £806.92 million, a price-to-earnings ratio of -1,974.89 and a beta of 0.79.

Impax Environmental Markets (LON:IEM - Get Free Report) last announced 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%.

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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