iFabric (TSE:IFA) Shares Down 9.8% – Time to Sell?

iFabric Corp. (TSE:IFAGet Free Report)’s stock price traded down 9.8% during mid-day trading on Thursday . The stock traded as low as C$4.08 and last traded at C$4.70. 315,257 shares changed hands during trading, an increase of 526% from the average daily volume of 50,335 shares. The stock had previously closed at C$5.21.

iFabric Price Performance

The stock has a market capitalization of C$170.16 million, a price-to-earnings ratio of 40.17 and a beta of -0.22. The company has a fifty day simple moving average of C$4.71 and a 200 day simple moving average of C$3.68. The company has a debt-to-equity ratio of 53.81, a quick ratio of 1.48 and a current ratio of 1.80.

iFabric (TSE:IFAGet Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$9.59 million during the quarter. iFabric had a return on equity of 16.15% and a net margin of 6.61%.

iFabric Company Profile

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iFabric Corp. is a Canadian-based textile technology company focused on the development and commercialization of proprietary chemical solutions that enhance the performance, functionality, and safety of fabrics and other materials. Through its Intelligent Fabric Technologies (North America) division, the Company provides antimicrobial, water-repellent, and other performance-enhancing treatments used across healthcare, apparel, and consumer applications. iFabric’s platform is supported by proprietary formulations, global manufacturing integration, and, in certain applications, clinical validation in real-world environments.

Further Reading

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