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

iFabric Corp. (TSE:IFA) was up 2.6% during trading on Friday. The company traded as high as C$4.08 and last traded at C$4.00. Approximately 55,663 shares traded 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 Trading Up 2.6%

The business has a 50-day simple moving average of C$4.33 and a two-hundred day simple moving average of C$4.20. The company has a debt-to-equity ratio of 11.65, a quick ratio of 1.48 and a current ratio of 4.18. The stock has a market cap of C$146.06 million, a price-to-earnings ratio of 32.26 and a beta of -0.57.

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