Is iFresh Inc. (IFMK)’s Fuel Running Low? The Stock Reaches All-Time Low Today

March 14, 2018 - By Migdalia James

The stock of iFresh Inc. (NASDAQ:IFMK) reached all time low today, Mar, 14 and still has $5.85 target or 5.00 % below today’s $6.16 share price. This indicates more downside for the $87.60 million company. This technical setup was reported by If the $5.85 PT is reached, the company will be worth $4.38M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 7.92% or $0.53 during the last trading session, reaching $6.16. About 217,631 shares traded or 1256.97% up from the average. iFresh Inc. (NASDAQ:IFMK) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

More notable recent iFresh Inc. (NASDAQ:IFMK) news were published by: which released: “iFresh, Inc. Reports Fiscal 2018 Second Quarter Financial Results” on November 15, 2017, also with their article: “iFresh, Inc. Reports Fiscal 2017 Financial Results” published on June 30, 2017, published: “iFresh Inc.” on February 13, 2017. More interesting news about iFresh Inc. (NASDAQ:IFMK) were released by: and their article: “iFresh: Unique Company, But Valuation Still Too Optimistic” published on September 01, 2017 as well as‘s news article titled: “iFresh, Inc. (f/k/a E-Compass Acquisition Corp.) Announces its Completion of …” with publication date: February 13, 2017.

iFresh Inc. operates a network of grocery supermarket chains in the north-eastern United States. The company has market cap of $87.60 million. The company's chains provide vegetables, seafood, fruits, meat, snacks, seasonings, and other products. It currently has negative earnings. It also distributes rice and rice products, and seasonings and spices, as well as assortment of noodles, frozen vegetables, frozen dumplings, and frozen seafood under the Family Elephant, Feiyan, Green Acre, Golden Smell, Redolent, Shuangdeng/Double Lantern, SeaStar, Huang Duan Xiang 1987, and I FRESH brands.

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