Innovative Designs (OTCMKTS:IVDN) Releases Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) issued its earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, Zacks reports. Innovative Designs had a negative return on equity of 11.91% and a negative net margin of 18.92%. The company had revenue of $0.80 million during the quarter.

Innovative Designs Trading Up 10.0%

OTCMKTS:IVDN opened at $0.33 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.53 and a current ratio of 3.44. Innovative Designs has a one year low of $0.00 and a one year high of $0.40. The business’s 50-day simple moving average is $0.33 and its 200 day simple moving average is $0.26. The stock has a market cap of $12.71 million, a price-to-earnings ratio of 33.03 and a beta of -3.07.

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.