Imaflex (CVE:IFX) Stock Price Down 2.8% – Should You Sell?

Imaflex Inc. (CVE:IFX) traded down 2.8% during mid-day trading on Monday . The stock traded as low as C$1.40 and last traded at C$1.40. 50,300 shares changed hands during trading, an increase of 84% from the average session volume of 27,288 shares. The stock had previously closed at C$1.44.

Imaflex Stock Performance

The firm’s 50 day moving average is C$1.40 and its 200-day moving average is C$1.10. The company has a debt-to-equity ratio of 18.69, a quick ratio of 1.68 and a current ratio of 2.80. The company has a market cap of C$76.57 million, a PE ratio of 18.50 and a beta of 0.35.

Imaflex (CVE:IFX) last posted its quarterly earnings results on Wednesday, August 28th. The company reported C$0.07 earnings per share for the quarter. Imaflex had a net margin of 4.34% and a return on equity of 7.49%. The business had revenue of C$28.83 million during the quarter. On average, research analysts anticipate 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.