Innovative Designs (OTCMKTS:IVDN) Shares Pass Above 200-Day Moving Average – Time to Sell?

Innovative Designs, Inc. (OTCMKTS:IVDN) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.24 and traded as high as $0.42. Innovative Designs shares last traded at $0.40, with a volume of 131,298 shares.

Innovative Designs Stock Performance

The stock has a market capitalization of $15.40 million, a PE ratio of 13.34 and a beta of -2.94. The firm’s 50 day moving average is $0.28 and its two-hundred day moving average is $0.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.41 and a current ratio of 11.56.

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