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iFabric ( (TSE:IFA) ) has provided an announcement.
iFabric Corp. has announced the renewal of its license agreement with TUMI, Inc., allowing the continued integration of its PROTX2® antimicrobial solutions in select TUMI products for another five years. This partnership highlights the commitment of both companies to deliver performance, durability, and protection in travel essentials, with PROTX2 being featured in various TUMI collections, enhancing their product offerings with eco-friendly antimicrobial solutions.
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, specializes in developing and commercializing innovative apparel and textile technologies. Through its subsidiaries, including Intelligent Fabric Technologies (North America) Inc. (IFTNA) and Coconut Grove Intimates, iFabric offers performance and protective textile technologies and intimate apparel solutions.
Average Trading Volume: 16,495
Technical Sentiment Signal: Hold
Current Market Cap: C$32.12M
For detailed information about IFA stock, go to TipRanks’ Stock Analysis page.