Innovative Designs (OTCMKTS:IVDN) Stock Passes Above 50 Day Moving Average – What’s Next?

Innovative Designs, Inc. (OTCMKTS:IVDN)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.21 and traded as high as $0.4012. Innovative Designs shares last traded at $0.34, with a volume of 297,010 shares changing hands.

Innovative Designs Stock Down 4.2%

The stock has a fifty day moving average of $0.21 and a 200-day moving average of $0.23. The firm has a market capitalization of $13.09 million, a price-to-earnings ratio of 11.34 and a beta of -2.88. The company has a current ratio of 11.56, a quick ratio of 7.41 and a debt-to-equity ratio of 0.01.

Innovative Designs (OTCMKTS:IVDN) last announced its earnings results on Friday, January 30th. The company reported $0.01 EPS for the quarter. The business had revenue of $0.81 million during the quarter. Innovative Designs had a return on equity of 27.09% and a net margin of 17.87%.

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.