Innovative Designs (OTCMKTS:IVDN) Releases Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) released its quarterly earnings results on Wednesday. The company reported $0.01 EPS for the quarter, Zacks reports. Innovative Designs had a net margin of 18.21% and a return on equity of 24.63%.

Innovative Designs Stock Performance

Shares of OTCMKTS:IVDN opened at $0.23 on Wednesday. The company’s 50 day moving average price is $0.24 and its two-hundred day moving average price is $0.29. Innovative Designs has a 12-month low of $0.15 and a 12-month high of $0.42. The firm has a market cap of $8.89 million, a PE ratio of 7.69 and a beta of -2.73. The company has a quick ratio of 5.52, a current ratio of 8.48 and a debt-to-equity ratio of 0.01.

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.