Imaflex (CVE:IFX) Trading Down 1.9%

Imaflex Inc. (CVE:IFX) fell 1.9% during mid-day trading on Wednesday . The stock traded as low as C$1.01 and last traded at C$1.02. 10,250 shares changed hands during trading, a decline of 66% from the average session volume of 30,390 shares. The stock had previously closed at C$1.04.

Imaflex Trading Down 1.9 %

The company has a current ratio of 1.97, a quick ratio of 1.68 and a debt-to-equity ratio of 20.43. The stock has a market cap of C$53.13 million, a P/E ratio of 102.00 and a beta of 0.41. The business’s fifty day simple moving average is C$0.94 and its 200 day simple moving average is C$0.85.

Imaflex (CVE:IFX) last released its quarterly earnings results on Wednesday, May 29th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$27.40 million for the quarter. Imaflex had a net margin of 0.54% and a return on equity of 0.92%. As a group, analysts expect that Imaflex Inc. will post 0.03594 EPS for the current 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 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.