Impax Environmental Markets (LON:IEM) Reaches New 52-Week Low – Here’s Why

Impax Environmental Markets (LON:IEM)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 367.50 ($4.62) and last traded at GBX 370.49 ($4.66), with a volume of 776249 shares trading hands. The stock had previously closed at GBX 379 ($4.76).

Impax Environmental Markets Stock Down 1.9 %

The company has a market cap of £933.23 million, a PE ratio of -9,292.15 and a beta of 0.79. The firm has a 50-day simple moving average of GBX 386.31 and a two-hundred day simple moving average of GBX 387.70. The company has a debt-to-equity ratio of 7.65, a current ratio of 2.19 and a quick ratio of 1.90.

Insider Activity at Impax Environmental Markets

In other news, insider Guy Walker acquired 5,278 shares of Impax Environmental Markets stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of GBX 379 ($4.76) per share, with a total value of £20,003.62 ($25,149.13). Also, insider Stephanie Eastment bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average price of GBX 392 ($4.93) per share, for a total transaction of £3,920 ($4,928.34). Corporate insiders own 2.78% of the company’s stock.

Impax Environmental Markets Company Profile

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.