Innovative Designs (OTCMKTS:IVDN) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Innovative Designs, Inc. (OTCMKTS:IVDN) 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 $0.2299. Innovative Designs shares last traded at $0.2560, with a volume of 4,200 shares traded.

Innovative Designs Trading Up 11.3%

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 $0.29 and its 200 day moving average is $0.29. The firm has a market capitalization of $9.86 million, a price-to-earnings ratio of 8.54 and a beta of -2.73.

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

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.