Impax Environmental Markets (LON:IEM) Sets New 12-Month High – Still a Buy?

Shares of Impax Environmental Markets (LON:IEM) hit a new 52-week high on Monday . The company traded as high as GBX 417.50 ($5.56) and last traded at GBX 416.09 ($5.54), with a volume of 22962 shares trading hands. The stock had previously closed at GBX 415.50 ($5.53).

Impax Environmental Markets Stock Performance

The company has a debt-to-equity ratio of 7.65, a current ratio of 2.19 and a quick ratio of 1.90. The firm has a market cap of £820.44 million, a price-to-earnings ratio of -20.08 and a beta of 0.79. The firm has a fifty day simple moving average of GBX 398.76 and a two-hundred day simple moving average of GBX 380.21.

Impax Environmental Markets (LON:IEM) last issued its quarterly earnings results on Wednesday, August 6th. The company reported GBX 3.44 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).