Impax Environmental Markets (LON:IEM) Shares Cross Below 50 Day Moving Average – Time to Sell?

Impax Environmental Markets (LON:IEM) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 388.09 ($5.05) and traded as low as GBX 386 ($5.02). Impax Environmental Markets shares last traded at GBX 389 ($5.06), with a volume of 673,244 shares trading hands.

Impax Environmental Markets Stock Performance

The stock’s 50 day moving average is GBX 388.09 and its two-hundred day moving average is GBX 389.87. The stock has a market capitalization of £990.50 million, a price-to-earnings ratio of -9,725.00 and a beta of 0.79. The company has a current ratio of 2.19, a quick ratio of 1.90 and a debt-to-equity ratio of 7.65.

Insider Buying and Selling

In other news, insider Stephanie Eastment bought 1,000 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were purchased at an average price of GBX 392 ($5.10) per share, for a total transaction of £3,920 ($5,102.84). 2.78% of the stock is owned by corporate insiders.

About Impax Environmental Markets

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.