Shares of Innovative Designs, Inc. (OTCMKTS:IVDN – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.24 and traded as low as $0.1610. Innovative Designs shares last traded at $0.1610, with a volume of 3,000 shares changing hands.
Innovative Designs Trading Up 18.0%
The company has a debt-to-equity ratio of 0.01, a current ratio of 6.14 and a quick ratio of 3.82. The business’s fifty day simple moving average is $0.21 and its 200 day simple moving average is $0.24. The stock has a market cap of $7.32 million, a price-to-earnings ratio of 6.34 and a beta of -3.00.
About Innovative Designs
Innovative Designs, Inc engages in manufacture and marketing of cold weather recreational and industrial clothing products in the United States and Canada. The company operates in two segments, Apparel and House Wrap. It offers arctic armor line products, including jackets, bibs, and gloves for ice fisherman, snowmobilers, utility workers, oil/gas pipeline workers, railroad workers, construction workers, ski resort workers, and police and first responders; and house wrap that provides barrier protection and moisture vapor transmission and insulation for the building construction industry.
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