Innovative Designs (OTCMKTS:IVDN) Stock Price Breaks Below 200-Day Moving Average – Here’s Why

Innovative Designs, Inc. (OTCMKTS:IVDN)’s stock price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $0.27 and traded as low as $0.21. Innovative Designs shares last traded at $0.21, with a volume of 36,817 shares.

Innovative Designs Price Performance

The firm’s 50 day moving average price is $0.23 and its two-hundred day moving average price is $0.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.87 and a quick ratio of 3.93. The stock has a market cap of $8.49 million, a PE ratio of 7.35 and a beta of -2.81.

Innovative Designs (OTCMKTS:IVDN) last released its quarterly earnings data on Wednesday, September 16th. The company reported $0.01 EPS for the quarter. The company had revenue of $0.76 million during the quarter. Innovative Designs had a net margin of 17.14% and a return on equity of 22.98%.

About Innovative Designs

Innovative Designs, Inc develops, manufactures and markets products designed to provide warmth and protection in cold-weather conditions. The company focuses on thermal apparel and related outdoor products for consumers and workers who require insulation, weather resistance and comfort.

Its product offerings have included heated and insulated clothing, outerwear, sleeping bags, blankets and other cold-weather accessories. Innovative Designs markets products through retail and online distribution channels, serving customers seeking apparel and equipment for outdoor recreation, work and general cold-weather use.

The company is publicly traded under the symbol IVDN on the OTC Markets.