Time to Buy iFabric Corp After Today’s Huge Decline?

 Time to Buy iFabric Corp After Today's Huge Decline?

The stock of iFabric Corp (TSE:IFA) is a huge mover today! About 14,890 shares traded hands or 616.55% up from the average. iFabric Corp (TSE:IFA) has declined 4.78% since April 22, 2016 and is downtrending. It has underperformed by 10.80% the S&P500.
The move comes after 5 months negative chart setup for the $53.70 million company. It was reported on Nov, 28 by Barchart.com. We have $2.04 PT which if reached, will make TSE:IFA worth $3.22 million less.

More notable recent iFabric Corp (TSE:IFA) news were published by: Reuters.com which released: “BRIEF-iFabric Corp announces extension of warrant expiry” on November 18, 2016, also Marketwired.com with their article: “iFabric Corp Signs Four Year Supply Agreement With Eagle Creek, a Division of …” published on October 03, 2016, Reuters.com published: “BBX, ex-CEO win new US trial in SEC financial crisis case” on September 29, 2016. More interesting news about iFabric Corp (TSE:IFA) were released by: Reuters.com and their article: “BRIEF-SKM Egg Products Export Sept-qtr profit falls” published on October 26, 2016 as well as Reuters.com‘s news article titled: “Italy’s yields rise as Rome announces 50-year bond sale” with publication date: October 04, 2016.

iFabric Corp. offers a range of products and services, through its wholly owned subsidiaries. The company has a market cap of $53.70 million. The Company’s operating divisions include Intimate Apparel, Intelligent Fabrics and Other. It currently has negative earnings. The Intimate Apparel segment makes and distributes foam shoulder pads and also creates and makes women’s intimate apparel and a range of specialty bras, including the backless and strapless underwire bra.

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