Imaflex (CVE:IFX) Trading Up 0.8% - What's Next?

Key Points

• Imaflex Inc. shares increased by 0.8% to C$1.19, with a trading volume of approximately 16,700 shares, showing a decline from its average daily volume.
• The company has a market cap of C$61.99 million and a PE ratio of 27.67, indicating its valuation metrics amidst strong financial ratios such as a current ratio of 2.85 and a quick ratio of 1.68.
• Imaflex specializes in manufacturing flexible packaging materials for industrial and agricultural markets, providing a range of products including metallized films and various types of agricultural and industrial bags.

Shares of Imaflex Inc. (CVE:IFX - ) were up 0.8% on Monday . The company traded as high as C$1.19 and last traded at C$1.19. Approximately 16,700 shares were traded during trading, a decline of 2% from the average daily volume of 17,063 shares. The stock had previously closed at C$1.18.

Imaflex Price Performance

The business has a fifty day simple moving average of C$1.27 and a two-hundred day simple moving average of C$1.23. The company has a current ratio of 2.85, a quick ratio of 1.68 and a debt-to-equity ratio of 16.73. The stock has a market cap of C$61.99 million, a PE ratio of 27.67 and a beta of -0.23.

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.

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