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 Thursday . The company traded as high as GBX 454 and last traded at GBX 452.54, with a volume of 2222469 shares changing hands. The stock had previously closed at GBX 450.

Impax Environmental Markets Price Performance

The stock’s 50-day simple moving average is GBX 426.47 and its 200 day simple moving average is GBX 414.03. 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 cap of £844.32 million, a price-to-earnings ratio of -64.29 and a beta of 1.23.

Impax Environmental Markets (LON:IEM) last posted its earnings results on Monday, March 30th. The company reported GBX 4.94 EPS for the quarter. Impax Environmental Markets had a negative net margin of 64.49% and a negative return on equity of 1.74%. The company had revenue of GBX 1,526 million for the quarter.

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).