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Imaflex (CVE:IFX) Stock Price Up 7.7% - Time to Buy?

Imaflex logo with Consumer Cyclical background

Imaflex Inc. (CVE:IFX - Get Free Report)'s share price shot up 7.7% on Tuesday . The stock traded as high as C$1.40 and last traded at C$1.40. 6,035 shares were traded during trading, a decline of 18% from the average session volume of 7,404 shares. The stock had previously closed at C$1.30.

Imaflex Stock Performance

The business's 50-day moving average price is C$1.42 and its 200-day moving average price is C$1.39. The stock has a market cap of C$70.32 million, a P/E ratio of 16.88 and a beta of 0.35. The company has a debt-to-equity ratio of 18.69, a quick ratio of 1.68 and a current ratio of 2.80.

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.

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