Imaflex (CVE:IFX) Sets New 1-Year High at $1.62

Imaflex Inc. (CVE:IFX)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$1.62 and last traded at C$1.60, with a volume of 25535 shares changing hands. The stock had previously closed at C$1.54.

Imaflex Price Performance

The stock has a fifty day moving average of C$1.13 and a 200-day moving average of C$0.95. 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 market capitalization of C$83.34 million, a P/E ratio of 51.33 and a beta of 0.37.

Imaflex (CVE:IFX) last released its quarterly earnings results on Wednesday, August 28th. The company reported C$0.07 earnings per share (EPS) for the quarter. Imaflex had a return on equity of 7.49% and a net margin of 4.34%. The business had revenue of C$28.83 million during the quarter. Equities analysts predict that Imaflex Inc. will post 0.0411644 EPS for the current fiscal 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.