Innovative Designs (OTCMKTS:IVDN) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Innovative Designs, Inc. (OTCMKTS:IVDN)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.29 and traded as low as $0.2299. Innovative Designs shares last traded at $0.2560, with a volume of 4,200 shares trading hands.

Innovative Designs Price Performance

The company has a fifty day moving average of $0.29 and a 200-day moving average of $0.29. The company has a current ratio of 8.48, a quick ratio of 5.52 and a debt-to-equity ratio of 0.01. The stock has a market cap of $9.86 million, a PE ratio of 8.54 and a beta of -2.73.

Innovative Designs (OTCMKTS:IVDN) last announced its earnings results on Wednesday, June 17th. The company reported $0.01 EPS for the quarter. The company had revenue of $0.81 million during 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.