iFabric (TSE:IFA) Shares Up 16.3% – Here’s Why

iFabric Corp. (TSE:IFA) shares shot up 16.3% on Monday . The company traded as high as C$5.03 and last traded at C$5.00. 120,932 shares changed hands during mid-day trading, an increase of 255% from the average session volume of 34,030 shares. The stock had previously closed at C$4.30.

iFabric Stock Down 5.8%

The company has a market cap of C$142.41 million, a PE ratio of 40.52 and a beta of -0.77. The stock’s 50 day moving average price is C$3.85 and its 200-day moving average price is C$2.53. 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:IFA) last posted its quarterly earnings results on Tuesday, March 31st. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$10.98 million for the quarter. iFabric had a net margin of 6.61% and a return on equity of 16.15%.

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.