Innovative Designs (OTCMKTS:IVDN) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Innovative Designs, Inc. (OTCMKTS:IVDN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.29 and traded as low as $0.2727. Innovative Designs shares last traded at $0.2727, with a volume of 110 shares traded.

Innovative Designs Stock Performance

The stock’s 50-day simple moving average is $0.28 and its 200 day simple moving average is $0.29. The company has a market capitalization of $8.86 million, a PE ratio of 7.67 and a beta of -2.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.52 and a current ratio of 8.48.

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

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.