Imaflex (CVE:IFX) Stock Price Down 1.6%

Imaflex Inc. (CVE:IFX – Get Rating) shares dropped 1.6% on Wednesday . The company traded as low as C$1.20 and last traded at C$1.20. Approximately 25,900 shares changed hands during mid-day trading, an increase of 87% from the average daily volume of 13,887 shares. The stock had previously closed at C$1.22.

The firm has a market capitalization of C$63.00 million and a P/E ratio of 7.44. The stock’s 50-day simple moving average is C$1.23 and its two-hundred day simple moving average is C$1.23. The company has a debt-to-equity ratio of 18.90, a current ratio of 2.62 and a quick ratio of 1.70.

Imaflex (CVE:IFX – Get Rating) last posted its quarterly earnings results on Thursday, April 14th. The company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$25.71 million during the quarter. On average, analysts forecast that Imaflex Inc. will post 0.19 earnings per share for the current fiscal 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 plastic films; 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 roll products.

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