Impax Environmental Markets (LON:IEM) Sets New 52-Week High – Time to Buy?

Shares of Impax Environmental Markets (LON:IEM) reached a new 52-week high during trading on Monday . The company traded as high as GBX 473 and last traded at GBX 467.83, with a volume of 328727 shares changing hands. The stock had previously closed at GBX 462.50.

Impax Environmental Markets Stock Up 1.2%

The company has a quick ratio of 1.90, a current ratio of 3.19 and a debt-to-equity ratio of 10.70. The company has a market capitalization of £186.51 million, a PE ratio of -67.51 and a beta of 1.22. The business’s 50 day simple moving average is GBX 445.96 and its 200 day simple moving average is GBX 424.13.

Impax Environmental Markets (LON:IEM) last posted its quarterly earnings data on Monday, March 30th. The company reported GBX 4.94 EPS for the quarter. Impax Environmental Markets had a negative net margin of 449.13% and a negative return on equity of 1.74%. The company had revenue of GBX 1,526 million during the quarter.

Insider Activity at Impax Environmental Markets

In other Impax Environmental Markets news, insider Glen Suarez sold 30,875 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total transaction of £152,831.25. Also, insider Elizabeth Surkovic sold 4,224 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total transaction of £20,908.80. In the last ninety days, insiders sold 90,957 shares of company stock valued at $45,023,715. Corporate insiders own 0.30% of the company’s stock.

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).