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

Innovative Designs, Inc. (OTCMKTS:IVDN)’s stock price crossed 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 traded.

Innovative Designs Stock Performance

The stock has a market capitalization of $10.39 million, a P/E ratio of 9.00 and a beta of -2.83. The company has a 50 day simple moving average of $0.31 and a 200-day simple moving average of $0.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.48 and a quick ratio of 5.52.

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

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.