Imaflex (CVE:IFX) Releases Earnings Results

Imaflex (CVE:IFX) released its quarterly earnings data on Wednesday. The company reported C$0.07 earnings per share for the quarter, reports. Imaflex had a return on equity of 7.49% and a net margin of 4.34%. The business had revenue of C$28.83 million for the quarter.

Imaflex Stock Performance

Shares of IFX stock opened at C$1.46 on Friday. The company’s fifty day simple moving average is C$1.09 and its 200-day simple moving average is C$0.92. 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 has a 52 week low of C$0.70 and a 52 week high of C$1.50. The company has a market cap of C$76.05 million, a PE ratio of 48.67 and a beta of 0.37.

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.