Imaflex (CVE:IFX) Sets New 1-Year High – Should You Buy?

Imaflex Inc. (CVE:IFXGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$2.30 and last traded at C$2.29, with a volume of 109850 shares changing hands. The stock had previously closed at C$2.28.

Imaflex Stock Performance

The stock has a 50-day moving average of C$1.49 and a 200 day moving average of C$1.32. The firm has a market capitalization of C$119.28 million, a P/E ratio of 99.57 and a beta of -0.09. The company has a debt-to-equity ratio of 16.73, a quick ratio of 1.68 and a current ratio of 2.85.

About Imaflex

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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. The company primarily operates under the Shine N’ Ripe XL and ADVASEAL brand names.

Further Reading

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