Innovative Designs (OTCMKTS:IVDN) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Innovative Designs, Inc. (OTCMKTS:IVDN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.29 and traded as low as $0.2110. Innovative Designs shares last traded at $0.2235, with a volume of 14,310 shares.

Innovative Designs Trading Down 14.0%

The company has a quick ratio of 5.52, a current ratio of 8.48 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $0.24 and its 200-day moving average is $0.29. The stock has a market capitalization of $8.62 million, a PE ratio of 7.45 and a beta of -2.73.

Innovative Designs (OTCMKTS:IVDN) last announced its quarterly earnings results on Wednesday, June 17th. The company reported $0.01 earnings per share for the quarter. Innovative Designs had a net margin of 18.21% and a return on equity of 24.63%. The company had revenue of $0.81 million for the quarter.

Innovative Designs Company Profile

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.