Innovative Designs (OTCMKTS:IVDN) Releases Earnings Results

Innovative Designs (OTCMKTS:IVDN) issued its quarterly earnings results on Wednesday. The company reported $0.01 EPS for the quarter, Zacks reports. Innovative Designs had a return on equity of 31.18% and a net margin of 21.73%.

Innovative Designs Price Performance

Shares of IVDN stock remained flat at $0.32 during trading hours on Wednesday. The stock had a trading volume of 26,196 shares, compared to its average volume of 22,416. Innovative Designs has a one year low of $0.13 and a one year high of $0.42. The company has a market capitalization of $12.32 million, a PE ratio of 10.67 and a beta of -2.83. The business’s fifty day simple moving average is $0.32 and its two-hundred day simple moving average is $0.28. The company has a quick ratio of 4.75, a current ratio of 7.40 and a debt-to-equity ratio of 0.01.

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.