Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
iFabric ( (TSE:IFA) ) has provided an announcement.
iFabric Corp’s subsidiary, IFTNA, has entered a licensing agreement with Mercury Athletics LLC to design, manufacture, and market scrubs and medical apparel under the Doctor’s Choice brand. This collaboration aims to integrate IFTNA’s textile technologies, including PROTX2®, to enhance infection-prevention and comfort in healthcare apparel, potentially strengthening iFabric’s position in the healthcare sector.
The most recent analyst rating on (TSE:IFA) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on iFabric stock, see the TSE:IFA Stock Forecast page.
Spark’s Take on TSE:IFA Stock
According to Spark, TipRanks’ AI Analyst, TSE:IFA is a Neutral.
iFabric’s strong financial performance, characterized by robust revenue growth and improved profitability, is the primary driver of its stock score. Technical analysis indicates moderate bullish momentum, while the high P/E ratio suggests the stock may be overvalued. The absence of a dividend yield and lack of earnings call data or notable corporate events limit the overall score.
To see Spark’s full report on TSE:IFA stock, click here.
More about iFabric
iFabric Corp, headquartered in Markham, Ontario, operates through its subsidiaries, Intelligent Fabric Technologies (North America) Inc. and Coconut Grove Pads Inc. IFTNA focuses on high-performance sports and medical protective apparel, offering intelligent properties like antiviral and antibacterial characteristics. Coconut Grove specializes in ladies’ intimate apparel products.
Average Trading Volume: 17,096
Technical Sentiment Signal: Buy
Current Market Cap: C$35.75M
For detailed information about IFA stock, go to TipRanks’ Stock Analysis page.