Impax Environmental Markets (LON:IEM) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Impax Environmental Markets (LON:IEM) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 436.43 and traded as low as GBX 431. Impax Environmental Markets shares last traded at GBX 438, with a volume of 16,474 shares.

Impax Environmental Markets Stock Up 0.6%

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 £171.28 million, a PE ratio of -63.60 and a beta of 1.22. The business’s 50 day simple moving average is GBX 448.74 and its 200 day simple moving average is GBX 436.43.

Insiders Place Their Bets

In other news, insider Stephanie Eastment sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total transaction of £84,150. Also, insider Aine Kelly sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 495, for a total transaction of £79,200. Insiders sold a total of 90,957 shares of company stock valued at $45,023,715 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

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).