Impax Environmental Markets (LON:IEM) Hits New 12-Month High – Time to Buy?

Impax Environmental Markets (LON:IEM) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 432 and last traded at GBX 429.50, with a volume of 19638 shares trading hands. The stock had previously closed at GBX 429.50.

Impax Environmental Markets Stock Performance

The company has a current ratio of 2.19, a quick ratio of 1.90 and a debt-to-equity ratio of 7.65. The company has a market capitalization of £827.34 million, a price-to-earnings ratio of -20.98 and a beta of 0.79. The stock’s fifty day simple moving average is GBX 409.67 and its 200-day simple moving average is GBX 402.56.

Impax Environmental Markets (LON:IEM) last posted its quarterly earnings data on Monday, February 16th. The company reported GBX 4.64 earnings per share for the quarter. Impax Environmental Markets had a negative return on equity of 0.93% and a negative net margin of 691.26%.

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).