Imaflex (CVE:IFX) Reaches New 1-Year High – Still a Buy?

Imaflex Inc. (CVE:IFX)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$2.30 and last traded at C$2.30, with a volume of 5168 shares. The stock had previously closed at C$2.29.

Imaflex Stock Performance

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 firm’s fifty day moving average price is C$1.31 and its 200-day moving average price is C$1.26. The firm has a market cap of C$119.80 million, a price-to-earnings ratio of 100.00 and a beta of -0.24.

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