Imaflex (IFX) Hits New 12-Month Low at $0.75

Imaflex Inc. (CVE:IFX) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.75 and last traded at C$0.75, with a volume of 3000 shares trading hands. The stock had previously closed at C$0.80.

The company has a debt-to-equity ratio of 47.46, a current ratio of 1.63 and a quick ratio of 0.82.

Imaflex (CVE:IFX) last released its earnings results on Monday, August 27th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.01). The company had revenue of C$21.93 million for the quarter, compared to the consensus estimate of C$21.75 million. As a group, sell-side analysts expect that Imaflex Inc. will post 0.1 earnings per share for the current year.

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Imaflex Company Profile (CVE:IFX)

Imaflex Inc, together with its subsidiary, develops, manufactures, and sells flexible packaging materials for consumer, industrial, and agriculture markets in Canada, the United States, and internationally. The company offers agricultural films, including mulch and barrier, compostable, UV-reflective, and intelligent active ingredient films; converter films; industrial products, such as garbage, compostable, and Gaylord bags, as well as bags on roll products; and metalized pest repellency films.

Further Reading: Rule of 72

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