Imaflex (CVE:IFX) Stock Price Down 2.8%

Imaflex Inc. (CVE:IFX) dropped 2.8% during trading on Monday . The company traded as low as C$1.40 and last traded at C$1.40. Approximately 34,088 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 28,605 shares. The stock had previously closed at C$1.44.

Imaflex Stock Performance

The company has a market capitalization of C$72.93 million, a PE ratio of 17.50 and a beta of 0.36. The firm’s 50-day simple moving average is C$1.29 and its 200-day simple moving average is C$1.03. The company has a current ratio of 2.80, a quick ratio of 1.68 and a debt-to-equity ratio of 18.69.

Imaflex (CVE:IFX) last released its quarterly earnings data on Wednesday, August 28th. The company reported C$0.07 EPS for the quarter. The company had revenue of C$28.83 million for the quarter. Imaflex had a return on equity of 7.49% and a net margin of 4.34%. On average, research analysts predict that Imaflex Inc. will post 0.1590437 earnings per share for the current year.

Imaflex Company Profile

Imaflex Inc, together with its subsidiaries, develops, manufactures, and sells flexible packaging materials for industrial and agriculture markets in Canada, the United States, and internationally. It offers metallized plastic films; polyethylene films and bags; agricultural films, including mulch, solarization, fumigation, compostable, and crop protection films; converter films; and industrial bags, such as garbage, compostable, and gaylord bags, as well as bags on rolls.