Imaflex (CVE:IFX) Trading Down 1.4% – Time to Sell?

Imaflex Inc. (CVE:IFX) was down 1.4% during trading on Monday . The company traded as low as C$1.38 and last traded at C$1.43. Approximately 25,914 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 27,246 shares. The stock had previously closed at C$1.45.

Imaflex Stock Performance

The company has a quick ratio of 1.68, a current ratio of 2.80 and a debt-to-equity ratio of 18.69. The firm has a 50-day moving average of C$1.46 and a 200 day moving average of C$1.24. The stock has a market capitalization of C$74.49 million, a P/E ratio of 17.88 and a beta of 0.35.

About Imaflex

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.