Innovative Designs (OTCMKTS:IVDN) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Innovative Designs, Inc. (OTCMKTS:IVDN)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.29 and traded as low as $0.27. Innovative Designs shares last traded at $0.27, with a volume of 3,900 shares trading hands.

Innovative Designs Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 8.48 and a quick ratio of 5.52. The firm has a market capitalization of $10.00 million, a price-to-earnings ratio of 8.66 and a beta of -2.83. The business’s fifty day simple moving average is $0.30 and its 200 day simple moving average is $0.29.

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

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.