iFabric (TSE:IFA) Shares Up 6.7% – Here’s Why

iFabric Corp. (TSE:IFA)’s share price shot up 6.7% during mid-day trading on Monday . The company traded as high as C$4.72 and last traded at C$4.64. Approximately 144,192 shares were traded during mid-day trading, an increase of 233% from the average session volume of 43,351 shares. The stock had previously closed at C$4.35.

iFabric Price Performance

The business’s fifty day moving average price is C$4.13 and its 200 day moving average price is C$2.84. The company has a debt-to-equity ratio of 53.81, a current ratio of 1.80 and a quick ratio of 1.48. The stock has a market cap of C$169.43 million, a P/E ratio of 40.00 and a beta of -0.17.

iFabric (TSE:IFA) last released its quarterly earnings data on Tuesday, March 31st. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$10.98 million for the quarter. iFabric had a return on equity of 16.15% and a net margin of 6.61%.

iFabric Company Profile

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.