Imaflex (CVE:IFX) Reaches New 1-Year High – What’s Next?

Imaflex Inc. (CVE:IFX) shares reached a new 52-week high on Tuesday . The company traded as high as C$2.34 and last traded at C$2.34, with a volume of 48412 shares traded. The stock had previously closed at C$2.31.

Imaflex Price Performance

The company has a debt-to-equity ratio of 16.73, a quick ratio of 1.68 and a current ratio of 2.85. The business has a 50 day simple moving average of C$2.25 and a 200-day simple moving average of C$1.54. The firm has a market cap of C$121.89 million, a price-to-earnings ratio of 101.74 and a beta of -0.26.

About Imaflex

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.