Imaflex (IFX) Sets New 1-Year Low at $0.75

Imaflex Inc. (CVE:IFX) shares reached a new 52-week low on Thursday . The stock traded as low as C$0.75 and last traded at C$0.75, with a volume of 3000 shares. The stock had previously closed at C$0.80.

The company has a debt-to-equity ratio of 47.46, a current ratio of 1.63 and a quick ratio of 0.82.

Imaflex (CVE:IFX) last released its quarterly earnings data on Monday, August 27th. The company reported C$0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.02 by C($0.01). The business had revenue of C$21.93 million for the quarter, compared to analysts’ expectations of C$21.75 million. Analysts anticipate that Imaflex Inc. will post 0.1 earnings per share for the current year.

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Imaflex Company Profile (CVE:IFX)

Imaflex Inc, together with its subsidiary, develops, manufactures, and sells flexible packaging materials for consumer, industrial, and agriculture markets in Canada, the United States, and internationally. The company offers agricultural films, including mulch and barrier, compostable, UV-reflective, and intelligent active ingredient films; converter films; industrial products, such as garbage, compostable, and Gaylord bags, as well as bags on roll products; and metalized pest repellency films.

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