Impax Environmental Markets (LON:IEM) Stock Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Impax Environmental Markets share price has surpassed its fifty-day moving average of GBX 381.10, reaching as high as GBX 396.24 during trading, indicating potential upward momentum.
• The company reported a negative net margin of 691.26% and a negative return on equity of 0.93%, reflecting significant financial challenges.
• Impax Environmental Markets focuses on investments in clean energy and efficiency sectors, targeting technologies for energy, water, waste, and pollution control.

Shares of Impax Environmental Markets (LON:IEM - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 381.10 ($5.12) and traded as high as GBX 396.24 ($5.32). Impax Environmental Markets shares last traded at GBX 393.50 ($5.29), with a volume of 414,288 shares trading hands.

Impax Environmental Markets Price Performance

The firm has a market capitalization of £910.03 million, a P/E ratio of -97.50 and a beta of 0.79. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.90 and a current ratio of 2.19. The firm has a 50-day moving average of GBX 381.64 and a 200-day moving average of GBX 370.54.

Impax Environmental Markets (LON:IEM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported GBX 3.44 ($0.05) 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).