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

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

Imaflex Trading Up 2.0 %

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

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

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.