Innovative Designs (OTCMKTS:IVDN) Shares Pass Above Fifty Day Moving Average of $0.32
Innovative Designs Inc (OTCMKTS:IVDN) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.32 and traded as high as $0.35. Innovative Designs shares last traded at $0.35, with a volume of 4,300 shares trading hands.
The business’s fifty day moving average price is $0.32 and its 200-day moving average price is $0.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.14 and a current ratio of 1.37.
Innovative Designs (OTCMKTS:IVDN) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.00 earnings per share for the quarter. Innovative Designs had a negative net margin of 236.43% and a negative return on equity of 65.82%. The firm had revenue of $0.05 million during the quarter.
Innovative Designs, Inc manufactures and markets cold weather recreational and industrial clothing products. 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 INSULTEX house wrap products for the building construction industry.
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