iFabric (TSE:IFA) Shares Up 2.6% – Here’s Why

Shares of iFabric Corp. (TSE:IFA) shot up 2.6% during mid-day trading on Friday. The stock traded as high as C$4.08 and last traded at C$4.00. Approximately 55,663 shares changed hands during trading, an increase of 5% from the average daily volume of 53,069 shares. The stock had previously closed at C$3.90.

iFabric Price Performance

The stock has a market capitalization of C$146.06 million, a P/E ratio of 32.26 and a beta of -0.57. The company has a debt-to-equity ratio of 11.65, a current ratio of 4.18 and a quick ratio of 1.48. The company’s 50 day simple moving average is C$4.33 and its two-hundred day simple moving average is C$4.20.

iFabric (TSE:IFA) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.01 earnings per share for the quarter. iFabric had a return on equity of 13.95% and a net margin of 6.92%.The firm had revenue of C$9.59 million during the quarter.

About iFabric

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.