Impax Environmental Markets (LON:IEM) Shares Cross Above 50-Day Moving Average - Should You Sell?

Key Points

• Impax Environmental Markets' shares have crossed above the 50-day moving average, trading at GBX 393.50 ($5.34) after reaching a high of GBX 395 ($5.36).
• The company reported a negative net margin of 691.26% and a price-to-earnings ratio of -1,897.63 in its last quarterly earnings results, indicating significant financial challenges.
• Impax focuses on investments in companies involved in environmental markets, targeting sectors such as alternative energy, water treatment, and waste management.

Impax Environmental Markets (LON:IEM - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 392.46 ($5.36) and traded as high as GBX 395 ($5.39). Impax Environmental Markets shares last traded at GBX 393.50 ($5.37), with a volume of 3,575,719 shares changing hands.

Impax Environmental Markets Stock Performance

The stock has a market capitalization of £778.95 million, a PE ratio of -1,877.05 and a beta of 0.79. The firm's fifty day moving average is GBX 392.97 and its 200-day moving average is GBX 370.67. The company has a current ratio of 2.19, a quick ratio of 1.90 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 earnings per share (EPS) for the quarter. Impax Environmental Markets had a negative net margin of 691.26% and a negative return on equity of 0.93%.

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).