Innovative Designs (OTCMKTS:IVDN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Innovative Designs, Inc. (OTCMKTS:IVDN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-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 Trading Up 36.3%

The company’s 50 day simple moving average is $0.28 and its 200-day simple moving average is $0.29. The firm has a market cap of $10.50 million, a P/E ratio of 9.09 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 (OTCMKTS:IVDN) last released its earnings results on Wednesday, June 17th. The company reported $0.01 EPS for the quarter. Innovative Designs had a return on equity of 24.63% and a net margin of 18.21%.The firm had revenue of $0.81 million for 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.