Innovative Designs (OTCMKTS:IVDN) Issues Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) issued its earnings results on Friday. The company reported $0.01 earnings per share for the quarter, Zacks reports. Innovative Designs had a net margin of 18.54% and a return on equity of 29.89%. The company had revenue of $0.81 million for the quarter.

Innovative Designs Price Performance

Shares of OTCMKTS:IVDN opened at $0.21 on Friday. The company has a market cap of $8.22 million, a PE ratio of 7.12 and a beta of -2.89. Innovative Designs has a fifty-two week low of $0.10 and a fifty-two week high of $0.40. The firm has a 50-day simple moving average of $0.20 and a 200 day simple moving average of $0.23. The company has a quick ratio of 3.82, a current ratio of 6.14 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.