Imaflex (CVE:IFX) Stock Price Up 3.2%

Imaflex Inc. (CVE:IFX)’s share price rose 3.2% during trading on Wednesday . The stock traded as high as C$0.65 and last traded at C$0.65, approximately 15,000 shares were traded during trading. A decline of 29% from the average daily volume of 21,115 shares. The stock had previously closed at C$0.63.

The company’s 50-day simple moving average is C$0.67. The firm has a market cap of $32.51 million and a P/E ratio of 13.54. The company has a debt-to-equity ratio of 60.96, a quick ratio of 0.76 and a current ratio of 1.58.

Imaflex (CVE:IFX) last issued its earnings results on Tuesday, May 28th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$21.87 million for the quarter, compared to the consensus estimate of C$21.88 million. As a group, equities research analysts forecast that Imaflex Inc. will post 0.06 earnings per share for the current year.

Imaflex Company Profile (CVE:IFX)

Imaflex Inc, together with its subsidiary, develops, manufactures, and sells flexible packaging materials for consumer, industrial, and agriculture markets in Canada, the United States, and internationally. The company offers agricultural films, including mulch and barrier, compostable, UV-reflective, and intelligent active ingredient films; converter films; industrial products, such as garbage, compostable, and Gaylord bags, as well as bags on roll products; and metalized pest repellency films.

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