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

Innovative Designs, Inc. (OTCMKTS:IVDN) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.30 and traded as low as $0.2002. Innovative Designs shares last traded at $0.23, with a volume of 53,300 shares.

Innovative Designs Price Performance

The stock has a fifty day moving average price of $0.26 and a 200-day moving average price of $0.30. The company has a market cap of $8.86 million, a PE ratio of 7.67 and a beta of -2.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.48 and a quick ratio of 5.52.

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

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.