Imaflex (CVE:IFX) Shares Down 6% – Time to Sell?

Imaflex Inc. (CVE:IFX)’s stock price was down 6% on Tuesday . The stock traded as low as C$1.38 and last traded at C$1.41. Approximately 8,301 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 27,324 shares. The stock had previously closed at C$1.50.

Imaflex Stock Down 6.0 %

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$1.47 and a two-hundred day moving average of C$1.31. The firm has a market capitalization of C$73.45 million, a price-to-earnings ratio of 17.63 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.