Innovative Designs (OTCMKTS:IVDN) Releases Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) issued its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Innovative Designs had a net margin of 21.73% and a return on equity of 31.18%.

Innovative Designs Stock Performance

Shares of Innovative Designs stock remained flat at $0.32 during trading on Wednesday. 26,196 shares of the company traded hands, compared to its average volume of 22,416. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.40 and a quick ratio of 4.75. The business’s 50 day moving average price is $0.32 and its two-hundred day moving average price is $0.28. The firm has a market capitalization of $12.32 million, a P/E ratio of 10.67 and a beta of -2.83. Innovative Designs has a 52 week low of $0.13 and a 52 week high of $0.42.

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.