iFabric (TSE:IFA) Trading Up 16.3% – What’s Next?

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

iFabric Stock Performance

The stock’s 50 day moving average price is C$3.81 and its 200 day moving average price is C$2.50. The company has a current ratio of 1.80, a quick ratio of 1.48 and a debt-to-equity ratio of 53.81. The firm has a market cap of C$151.50 million, a PE ratio of 43.10 and a beta of -0.77.

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

About iFabric

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.