Imaflex (CVE:IFX) Trading 2.4% Higher - Still a Buy?

Imaflex Inc. (CVE:IFX - Get Free Report)'s stock price shot up 2.4% during mid-day trading on Tuesday . The stock traded as high as C$1.30 and last traded at C$1.30. 29,500 shares changed hands during trading, an increase of 146% from the average session volume of 11,998 shares. The stock had previously closed at C$1.27.

Imaflex Trading Up 0.8%

The company has a 50-day moving average price of C$1.29 and a 200-day moving average price of C$1.26. The firm has a market capitalization of C$65.67 million, a price-to-earnings ratio of 11.44 and a beta of 0.35. The company has a debt-to-equity ratio of 16.73, a quick ratio of 1.68 and a current ratio of 2.85.

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.