Innovative Designs (OTCMKTS:IVDN) Announces Earnings Results

Innovative Designs (OTCMKTS:IVDN) issued its earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Innovative Designs had a return on equity of 29.89% and a net margin of 18.54%.

Innovative Designs Stock Performance

Shares of Innovative Designs stock traded down $0.02 during mid-day trading on Friday, hitting $0.21. 1,933 shares of the stock were exchanged, compared to its average volume of 27,731. The company has a market capitalization of $8.22 million, a P/E ratio of 7.12 and a beta of -2.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.82 and a current ratio of 6.14. Innovative Designs has a 12 month low of $0.10 and a 12 month high of $0.40. The company has a 50-day simple moving average of $0.20 and a 200 day simple moving average of $0.23.

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.