Impax Environmental Markets (LON:IEM) Trading 0.4% Higher – Here’s Why

Impax Environmental Markets (LON:IEM) shares were up 0.4% on Thursday . The stock traded as high as GBX 378.53 ($4.83) and last traded at GBX 378.50 ($4.83). Approximately 1,657,904 shares changed hands during trading, an increase of 124% from the average daily volume of 739,829 shares. The stock had previously closed at GBX 377 ($4.81).

Impax Environmental Markets Stock Performance

The company has a 50-day moving average price of GBX 388.59 and a two-hundred day moving average price of GBX 388.86. The stock has a market capitalization of £950.34 million, a P/E ratio of -9,462.50 and a beta of 0.79. The company has a quick ratio of 1.90, a current ratio of 2.19 and a debt-to-equity ratio of 7.65.

Insider Activity

In related news, insider Stephanie Eastment acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average cost of GBX 392 ($5.00) per share, for a total transaction of £3,920 ($5,001.91). Company insiders own 2.78% of the company’s stock.

About Impax Environmental Markets

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.