Innovative Designs (OTCMKTS:IVDN) Issues Earnings Results

Innovative Designs (OTCMKTS:IVDN) released its quarterly earnings data on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Innovative Designs had a net margin of 18.54% and a return on equity of 29.89%.

Innovative Designs Trading Down 8.8%

Shares of IVDN stock traded down $0.02 during trading hours on Friday, reaching $0.21. The company’s stock had a trading volume of 1,933 shares, compared to its average volume of 27,731. The stock has a market capitalization of $8.22 million, a P/E ratio of 7.12 and a beta of -2.89. The firm’s fifty day simple moving average is $0.20 and its 200 day simple moving average is $0.23. Innovative Designs has a one year low of $0.10 and a one year high of $0.40. The company has a current ratio of 6.14, a quick ratio of 3.82 and a debt-to-equity ratio of 0.01.

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.