iFabric (TSE:IFA) Trading Down 3.1% - What's Next?

Key Points

• iFabric fell 3.1% to C$3.70 intraday (low C$3.64) on Friday with ~34,164 shares traded, about 25% above its average daily volume.
• The company has a market cap of C$112.11M but a heavily negative P/E (-1,233.33) and a debt-to-equity ratio of 52.64, while its current and quick ratios are 1.70 and 1.48 respectively.
• Despite the pullback, the stock remains above its 50-day (C$2.55) and 200-day (C$1.83) moving averages; iFabric's businesses include women's intimate apparel and "intelligent fabric" technologies.

iFabric Corp. (TSE:IFA - ) was down 3.1% during mid-day trading on Friday . The stock traded as low as C$3.64 and last traded at C$3.70. Approximately 34,164 shares were traded during trading, an increase of 25% from the average daily volume of 27,247 shares. The stock had previously closed at C$3.82.

iFabric Price Performance

The company has a current ratio of 1.70, a quick ratio of 1.48 and a debt-to-equity ratio of 52.64. The firm has a market cap of C$112.11 million, a P/E ratio of -1,233.33 and a beta of -1.02. The firm has a 50-day simple moving average of C$2.55 and a 200-day simple moving average of C$1.83.

About iFabric

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.

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