iFabric (TSE:IFA) Sets New 52-Week High – Time to Buy?

iFabric Corp. (TSE:IFAGet Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as C$1.87 and last traded at C$1.80, with a volume of 50850 shares. The stock had previously closed at C$1.62.

iFabric Trading Up 11.1%

The stock’s 50 day simple moving average is C$1.33 and its two-hundred day simple moving average is C$1.14. The stock has a market capitalization of C$54.54 million, a PE ratio of 34.62 and a beta of 0.13. The company has a debt-to-equity ratio of 5.83, a current ratio of 7.20 and a quick ratio of 1.48.

About iFabric

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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.

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