Innovative Designs (OTCMKTS:IVDN) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Innovative Designs, Inc. (OTCMKTS:IVDN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.29 and traded as low as $0.21. Innovative Designs shares last traded at $0.24, with a volume of 61,788 shares changing hands.

Innovative Designs Stock Performance

The firm has a market cap of $9.24 million, a price-to-earnings ratio of 8.00 and a beta of -2.73. The firm’s 50 day moving average is $0.30 and its 200-day moving average is $0.29. 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 posted its earnings results on Wednesday, June 17th. The company reported $0.01 EPS for the quarter. Innovative Designs had a net margin of 18.21% and a return on equity of 24.63%. The firm had revenue of $0.81 million for the quarter.

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.