Impax Environmental Markets (LON:IEM) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Impax Environmental Markets (LON:IEM)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 400.61 and traded as low as GBX 395. Impax Environmental Markets shares last traded at GBX 396.50, with a volume of 100,126 shares trading hands.

Impax Environmental Markets Stock Performance

The company has a market cap of £754.98 million, a P/E ratio of -19.15 and a beta of 0.79. The business has a 50 day moving average price of GBX 400.61 and a two-hundred day moving average price of GBX 393.77. 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 Company Profile

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).