iFabric (TSE:IFA) Shares Up 10.4% – Still a Buy?

iFabric Corp. (TSE:IFA)’s share price rose 10.4% during mid-day trading on Tuesday . The stock traded as high as C$4.40 and last traded at C$4.14. Approximately 104,796 shares changed hands during trading, an increase of 263% from the average daily volume of 28,854 shares. The stock had previously closed at C$3.75.

iFabric Trading Up 8.3%

The company has a debt-to-equity ratio of 52.64, a quick ratio of 1.48 and a current ratio of 1.70. The firm has a market capitalization of C$123.01 million, a P/E ratio of -1,353.33 and a beta of -0.77. The firm has a 50 day simple moving average of C$3.32 and a two-hundred day simple moving average of C$2.22.

iFabric (TSE:IFA) last announced its earnings results on Tuesday, March 31st. The company reported C($0.02) EPS for the quarter. iFabric had a negative net margin of 0.30% and a negative return on equity of 0.47%. The firm had revenue of C$10.98 million during the quarter.

iFabric Company Profile

iFabric Corp is engaged in the business of women’s intimate apparel. It has three business segments. The Intimate apparel segment is involved in the design and distribution of women’s intimate apparel, and accessories. Its Intelligent fabric segment develops and distributes innovative products and treatments that are suitable for application to textiles, plastics, liquids, and hard surfaces as well as finished performance apparel. The other segment engages in the leasing of property to group companies, related parties, and third parties.