Imaflex (CVE:IFX) Stock Price Down 6.3% - Time to Sell?

Key Points

• Imaflex Inc. shares declined by 6.3%, trading at C$1.20 after closing at C$1.28, with trading volume surging to 109,170 shares.
• The company has a market capitalization of C$66.18 million, a debt-to-equity ratio of 16.73, and a relatively low price-to-earnings ratio of 11.53.
• Imaflex specializes in developing and manufacturing flexible packaging materials for agricultural and industrial markets, operating both in Canada and internationally.

Imaflex Inc. (CVE:IFX - Get Free Report) was down 6.3% during trading on Monday . The company traded as low as C$1.19 and last traded at C$1.20. Approximately 109,170 shares changed hands during mid-day trading, an increase of 823% from the average daily volume of 11,830 shares. The stock had previously closed at C$1.28.

Imaflex Stock Up 2.4%

The business has a fifty day moving average of C$1.29 and a 200 day moving average of C$1.25. The firm has a market cap of C$66.18 million, a P/E ratio of 11.53 and a beta of 0.35. The company has a quick ratio of 1.68, a current ratio of 2.85 and a debt-to-equity ratio of 16.73.

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.