iFabric (TSE:IFA) Reaches New 12-Month High - Here's Why

Key Points

• iFabric shares hit a new 52-week high, trading as high as C$4.50 and last at C$4.40 on a volume of 49,700 shares, well above its 50-day (C$2.87) and 200-day (C$2.00) moving averages.
• The company has a market capitalization of C$129.1 million and a negative P/E of -1,420, with a high debt-to-equity ratio (52.64) but modest liquidity (current ratio 1.70, quick ratio 1.48).
• iFabric sells women's intimate apparel, develops "intelligent fabric" treatments and products, and also generates income from property leasing, giving it exposure to both apparel and textile-technology businesses.

iFabric Corp. (TSE:IFA - ) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$4.50 and last traded at C$4.40, with a volume of 49700 shares traded. The stock had previously closed at C$4.13.

iFabric Stock Performance

The company has a market capitalization of C$129.07 million, a P/E ratio of -1,420.00 and a beta of -1.02. The business has a 50-day moving average of C$2.87 and a 200-day moving average of C$2.00. The company has a debt-to-equity ratio of 52.64, a current ratio of 1.70 and a quick ratio of 1.48.

iFabric Company Profile

iFabric Corp is engaged in the business of women's intimate apparel. It has three business segments. The Intimate apparel segment is involved in the design and distribution of women's intimate apparel, and accessories. Its Intelligent fabric segment develops and distributes innovative products and treatments that are suitable for application to textiles, plastics, liquids, and hard surfaces as well as finished performance apparel. The other segment engages in the leasing of property to group companies, related parties, and third parties.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.