Innovative Designs (OTCMKTS:IVDN) Issues Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) announced its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, Zacks reports. Innovative Designs had a return on equity of 24.63% and a net margin of 18.21%.

Innovative Designs Stock Performance

IVDN opened at $0.23 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.52 and a current ratio of 8.48. Innovative Designs has a 52-week low of $0.15 and a 52-week high of $0.42. The firm has a market cap of $8.89 million, a P/E ratio of 7.69 and a beta of -2.73. The business’s fifty day moving average is $0.24 and its 200-day moving average is $0.29.

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.