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

Impax Environmental Markets logo with Financial Services background

Key Points

  • Impax Environmental Markets shares surpassed their 50-day moving average, trading at GBX 397 ($5.35) recently, indicating positive momentum.
  • The company reported a negative net margin of 691.26% and a PE ratio of -1,916.95, reflecting significant financial challenges.
  • With a market capitalization of £795.50 million, Impax focuses on investing in environmental markets related to energy, water, and waste management.
  • Interested in Impax Environmental Markets? Here are five stocks we like better.

Impax Environmental Markets (LON:IEM - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 393.41 ($5.32) and traded as high as GBX 397.29 ($5.37). Impax Environmental Markets shares last traded at GBX 397 ($5.37), with a volume of 1,249,111 shares trading hands.

Impax Environmental Markets Price Performance

The stock has a market capitalization of £798.51 million, a PE ratio of -1,924.19 and a beta of 0.79. The stock's 50 day moving average is GBX 393.59 and its two-hundred day moving average is GBX 371.26. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.90 and a current ratio of 2.19.

Impax Environmental Markets (LON:IEM - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported GBX 3.44 earnings per share for the quarter. Impax Environmental Markets had a negative net margin of 691.26% and a negative return on equity of 0.93%.

About Impax Environmental Markets

(Get Free Report)

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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