Impax Environmental Markets (LON:IEM) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Impax Environmental Markets (LON:IEM) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 435.35 and traded as low as GBX 427.50. Impax Environmental Markets shares last traded at GBX 430.46, with a volume of 445,529 shares changing hands.

Impax Environmental Markets Trading Up 0.8%

The firm’s 50 day simple moving average is GBX 451.66 and its 200-day simple moving average is GBX 435.35. The company has a market capitalization of £168.65 million, a PE ratio of -62.63 and a beta of 1.22. The company has a quick ratio of 1.90, a current ratio of 3.19 and a debt-to-equity ratio of 10.70.

Insider Buying and Selling at Impax Environmental Markets

In related news, insider Guy Walker sold 22,858 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of GBX 495, for a total value of £113,147.10. Also, insider Aine Kelly sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total value of £79,200. In the last three months, insiders have sold 90,957 shares of company stock worth $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).