Innovative Designs (OTCMKTS:IVDN) Shares Climb 0.5% – Time to Buy?

Innovative Designs, Inc. (OTCMKTS:IVDN)’s share price traded up 0.5% during mid-day trading on Thursday. The company traded as high as $0.2190 and last traded at $0.2190. 4,000 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 15,828 shares. The stock had previously closed at $0.2180.

Innovative Designs Stock Performance

The company has a current ratio of 5.87, a quick ratio of 3.93 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $0.22 and its 200 day moving average price is $0.28. The stock has a market capitalization of $8.88 million, a price-to-earnings ratio of 7.30 and a beta of -2.82.

Innovative Designs (OTCMKTS:IVDN) last released its quarterly earnings results on Wednesday, September 16th. The company reported $0.01 EPS for the quarter. The company had revenue of $0.76 million for the quarter. Innovative Designs had a return on equity of 22.98% and a net margin of 17.14%.

Innovative Designs Company Profile

Innovative Designs, Inc. (OTCMKTS: IVDN) develops, manufactures and markets insulated products designed to provide thermal protection and weather resistance. The company’s activities center on its Insultex technology, a lightweight insulating material intended for use in consumer and building-related applications. One of the company’s principal products is Insultex House Wrap, a building-envelope material designed to combine insulation with functions such as water resistance and air-barrier protection.