Innovative Designs (OTCMKTS:IVDN) Shares Cross Below 200 Day Moving Average – Here’s Why

Innovative Designs, Inc. (OTCMKTS:IVDN)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $0.28 and traded as low as $0.2150. Innovative Designs shares last traded at $0.23, with a volume of 12,000 shares traded.

Innovative Designs Stock Up 2.1%

The company has a quick ratio of 3.93, a current ratio of 5.87 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.87 million, a P/E ratio of 7.67 and a beta of -2.81. The company’s 50 day moving average price is $0.24 and its two-hundred day moving average price is $0.28.

Innovative Designs (OTCMKTS:IVDN) last announced its quarterly earnings data on Wednesday, September 16th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $0.76 million for the quarter. Innovative Designs had a return on equity of 22.98% and a net margin of 17.14%.

Innovative Designs Company Profile

Innovative Designs, Inc is a materials and building-products company focused on insulation and weather-protection solutions. Its principal product is Insultex House Wrap, an insulated building wrap designed to help protect structures from air and moisture infiltration while providing an additional layer of thermal insulation.

Insultex House Wrap is intended for use in residential and commercial construction and is marketed as an alternative to conventional house-wrap products that primarily provide weather resistance without integrated insulation.