Innovative Designs (OTCMKTS:IVDN) Issues Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) released its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $0.81 million during the quarter. Innovative Designs had a net margin of 18.21% and a return on equity of 25.47%.

Innovative Designs Price Performance

IVDN opened at $0.24 on Friday. The company has a market capitalization of $9.24 million, a price-to-earnings ratio of 8.00 and a beta of -2.83. The company has a current ratio of 7.40, a quick ratio of 4.75 and a debt-to-equity ratio of 0.01. Innovative Designs has a 12-month low of $0.13 and a 12-month high of $0.42. The business’s fifty day simple moving average is $0.31 and its 200-day simple moving average is $0.28.

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.