Imaflex (CVE:IFX) Stock Price Down 1.9%

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

Imaflex Stock Down 1.9 %

The stock has a 50 day simple moving average of C$0.94 and a 200 day simple moving average of C$0.85. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 20.43. The stock has a market cap of C$53.13 million, a price-to-earnings ratio of 102.00 and a beta of 0.41.

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