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

Shares of Innovative Designs, Inc. (OTCMKTS:IVDN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.25 and traded as low as $0.1903. Innovative Designs shares last traded at $0.1903, with a volume of 218 shares.

Innovative Designs Trading Down 3.9%

The company has a quick ratio of 3.82, a current ratio of 6.14 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $0.24 and a 200 day simple moving average of $0.25. The firm has a market capitalization of $7.33 million, a P/E ratio of 6.35 and a beta of -2.99.

Innovative Designs (OTCMKTS:IVDN) last released its quarterly earnings data on Monday, September 15th. The company reported $0.01 earnings per share for the quarter. Innovative Designs had a return on equity of 29.89% and a net margin of 18.54%.The firm had revenue of $0.61 million during the quarter.

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.