iFabric (TSE:IFA) Shares Down 9.8% – Time to Sell?

iFabric Corp. (TSE:IFA) dropped 9.8% during mid-day trading on Thursday . The company traded as low as C$4.08 and last traded at C$4.70. 315,257 shares traded hands during mid-day trading, an increase of 526% from the average session volume of 50,335 shares. The stock had previously closed at C$5.21.

iFabric Stock Performance

The company has a debt-to-equity ratio of 53.81, a quick ratio of 1.48 and a current ratio of 1.80. The stock’s 50 day moving average price is C$4.71 and its 200 day moving average price is C$3.68. The company has a market capitalization of C$170.16 million, a P/E ratio of 40.17 and a beta of -0.22.

iFabric (TSE:IFA) last announced its earnings results on Wednesday, August 12th. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$9.59 million during the quarter. iFabric had a net margin of 6.61% and a return on equity of 16.15%.

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.