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

Innovative Designs, Inc. (OTCMKTS:IVDN) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 stock has a market capitalization of $9.86 million, a P/E ratio of 8.54 and a beta of -2.73. The firm has a fifty day moving average price of $0.29 and a two-hundred day moving average price of $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 quarterly earnings data 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 company had revenue of $0.81 million during 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.