Imaflex (CVE:IFX) Reaches New 52-Week High – Time to Buy?

Imaflex Inc. (CVE:IFXGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$2.34 and last traded at C$2.34, with a volume of 1401 shares changing hands. The stock had previously closed at C$2.31.

Imaflex Stock Up 1.3%

The stock has a fifty day moving average of C$2.15 and a 200-day moving average of C$1.51. The firm has a market capitalization of C$121.89 million, a price-to-earnings ratio of 101.74 and a beta of -0.26. The company has a current ratio of 2.85, a quick ratio of 1.68 and a debt-to-equity ratio of 16.73.

Imaflex Company Profile

(Get Free Report)

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.

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