Imaflex (CVE:IFX) Hits New 12-Month High – Should You Buy?

Imaflex Inc. (CVE:IFXGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$2.34 and last traded at C$2.34, with a volume of 1 shares changing hands. The stock had previously closed at C$2.34.

Imaflex Price Performance

The stock has a market cap of C$121.89 million, a PE ratio of 101.74 and a beta of -0.26. The business has a 50 day moving average of C$2.31 and a 200-day moving average of C$1.59. The company has a current ratio of 2.53, a quick ratio of 1.68 and a debt-to-equity ratio of 13.00.

About Imaflex

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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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