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

Innovative Designs, Inc. (OTCMKTS:IVDN)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.20 and traded as low as $0.1511. Innovative Designs shares last traded at $0.1970, with a volume of 113,403 shares trading hands.

Innovative Designs Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 6.14 and a quick ratio of 3.82. The stock has a fifty day simple moving average of $0.20 and a two-hundred day simple moving average of $0.23. The firm has a market capitalization of $7.58 million, a P/E ratio of 6.57 and a beta of -2.89.

Innovative Designs Company Profile

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.