Impax Environmental Markets (LON:IEM) Sets New 52-Week High - What's Next?

Key Points

• Impax Environmental Markets reached a new 52-week high intraday at GBX 453 but fell to GBX 413 (down ~6.1% from the prior close of GBX 440) on a volume of 638,960 shares.
• The company has a market capitalization of £786.4m and shows weak profitability and valuation metrics, including a negative P/E (-59.6), negative net margin (-64.49%) and negative return on equity, though liquidity ratios (current 3.19, quick 1.90) and debt-to-equity (10.70) were reported.

Impax Environmental Markets (LON:IEM - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 453 and last traded at GBX 413, with a volume of 638960 shares. The stock had previously closed at GBX 440.

Impax Environmental Markets Stock Down 6.1%

The company has a debt-to-equity ratio of 10.70, a current ratio of 3.19 and a quick ratio of 1.90. The firm has a 50 day simple moving average of GBX 422.04 and a 200-day simple moving average of GBX 409.97. The stock has a market capitalization of £786.40 million, a price-to-earnings ratio of -59.60 and a beta of 1.23.

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

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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