Imaflex Inc. (CVE:IFX – Get Free Report)’s share price dropped 6% on Tuesday . The company traded as low as C$1.38 and last traded at C$1.41. Approximately 8,301 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 27,324 shares. The stock had previously closed at C$1.50.
Imaflex Price Performance
The stock has a market capitalization of C$73.45 million, a P/E ratio of 17.63 and a beta of 0.35. The business’s 50 day simple moving average is C$1.47 and its two-hundred day simple moving average is C$1.31. The company has a quick ratio of 1.68, a current ratio of 2.80 and a debt-to-equity ratio of 18.69.
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.
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