Innovative Designs (OTCMKTS:IVDN) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Innovative Designs, Inc. (OTCMKTS:IVDN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.27 and traded as low as $0.27. Innovative Designs shares last traded at $0.2999, with a volume of 17,876 shares trading hands.

Innovative Designs Stock Performance

The company has a current ratio of 7.40, a quick ratio of 4.75 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $0.33 and its 200-day moving average price is $0.27. The company has a market capitalization of $11.55 million, a P/E ratio of 10.00 and a beta of -2.86.

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.