Imaflex (CVE:IFX) Trading 2% Higher – What’s Next?

Imaflex Inc. (CVE:IFX)’s stock price was up 2% during trading on Monday . The company traded as high as C$1.55 and last traded at C$1.55. Approximately 25,600 shares traded hands during trading, a decline of 1% from the average daily volume of 25,816 shares. The stock had previously closed at C$1.52.

Imaflex Stock Up 2.0 %

The company has a debt-to-equity ratio of 18.69, a current ratio of 2.80 and a quick ratio of 1.68. The business has a 50 day simple moving average of C$1.49 and a 200 day simple moving average of C$1.17. The company has a market capitalization of C$80.74 million, a price-to-earnings ratio of 19.38 and a beta of 0.35.

Imaflex (CVE:IFX) last released its quarterly earnings results on Wednesday, August 28th. The company reported C$0.07 EPS for the quarter. Imaflex had a return on equity of 7.49% and a net margin of 4.34%. The company had revenue of C$28.83 million for the quarter. As a group, equities analysts predict that Imaflex Inc. will post 0.1496881 earnings per share 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.