Imaflex (CVE:IFX) Stock Price Down 5.6% – Here’s Why

Imaflex Inc. (CVE:IFX)’s stock price was down 5.6% during trading on Tuesday . The stock traded as low as C$1.18 and last traded at C$1.18. Approximately 7,800 shares were traded during trading, a decline of 18% from the average daily volume of 9,459 shares. The stock had previously closed at C$1.25.

Imaflex Price Performance

The firm has a market capitalization of C$62.05 million, a price-to-earnings ratio of 10.81 and a beta of 0.35. 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 business has a 50-day moving average price of C$1.34 and a two-hundred day moving average price of C$1.42.

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.