Innovative Designs (OTCMKTS:IVDN) Shares Pass Above Fifty Day Moving Average – What’s Next?

Innovative Designs, Inc. (OTCMKTS:IVDN)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.19 and traded as high as $0.2328. Innovative Designs shares last traded at $0.2328, with a volume of 184 shares.

Innovative Designs Stock Up 29.3%

The company has a current ratio of 6.14, a quick ratio of 3.82 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $8.96 million, a P/E ratio of 7.76 and a beta of -2.89. The firm’s 50 day moving average price is $0.19 and its two-hundred day moving average price is $0.22.

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.