Innovative Designs (OTCMKTS:IVDN) Posts Earnings Results

Innovative Designs (OTCMKTS:IVDN) issued its quarterly earnings data on Thursday. The company reported $0.01 EPS for the quarter, Zacks reports. Innovative Designs had a negative net margin of 18.92% and a negative return on equity of 11.91%. The firm had revenue of $0.74 million for the quarter.

Innovative Designs Stock Performance

Shares of IVDN opened at $0.29 on Friday. Innovative Designs has a 1 year low of $0.00 and a 1 year high of $0.40. The stock has a market capitalization of $11.11 million, a PE ratio of 29.00 and a beta of -2.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.53 and a current ratio of 3.44. The stock has a 50-day simple moving average of $0.24 and a 200-day simple moving average of $0.13.

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.