Impax Environmental Markets (LON:IEM) Shares Pass Below Fifty Day Moving Average of $393.39

Impax Environmental Markets (LON:IEM) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 393.39 ($4.99) and traded as low as GBX 388.50 ($4.93). Impax Environmental Markets shares last traded at GBX 388.50 ($4.93), with a volume of 1,427,267 shares.

Impax Environmental Markets Stock Performance

The firm’s 50 day simple moving average is GBX 393.48 and its 200-day simple moving average is GBX 389.73. The company has a market capitalization of £1.05 billion, a price-to-earnings ratio of 1,610.42 and a beta of 0.80. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.90 and a current ratio of 0.34.

Insider Activity at Impax Environmental Markets

In related news, insider Elizabeth Surkovic purchased 1,506 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of GBX 398 ($5.05) per share, for a total transaction of £5,993.88 ($7,603.55). In other news, insider Elizabeth Surkovic bought 1,506 shares of the stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of GBX 398 ($5.05) per share, for a total transaction of £5,993.88 ($7,603.55). Also, insider Glen Suarez purchased 7,500 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average cost of GBX 394 ($5.00) per share, with a total value of £29,550 ($37,485.73). 2.40% of the stock is owned by insiders.

Impax Environmental Markets Company Profile

Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies which provide, utilize, implement or advise upon technology-based systems, products or services in environmental markets, particularly of those in the alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management sectors.