Innovative Designs (OTCMKTS:IVDN) Issues Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) released its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, Zacks reports. Innovative Designs had a net margin of 18.21% and a return on equity of 24.63%.

Innovative Designs Stock Down 4.6%

IVDN stock opened at $0.22 on Wednesday. The firm has a market capitalization of $8.48 million, a PE ratio of 7.34 and a beta of -2.73. The business’s 50 day simple moving average is $0.24 and its 200 day simple moving average is $0.29. Innovative Designs has a 1-year low of $0.15 and a 1-year high of $0.42. The company has a current ratio of 8.48, a quick ratio of 5.52 and a debt-to-equity ratio of 0.01.

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.