Innovative Designs (OTCMKTS:IVDN) Posts Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) issued its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Innovative Designs had a return on equity of 31.18% and a net margin of 21.73%.

Innovative Designs Stock Down 34.4%

Shares of OTCMKTS:IVDN opened at $0.21 on Thursday. The company has a quick ratio of 4.75, a current ratio of 7.40 and a debt-to-equity ratio of 0.01. Innovative Designs has a 52-week low of $0.13 and a 52-week high of $0.42. The stock’s fifty day simple moving average is $0.31 and its 200-day simple moving average is $0.28. The company has a market capitalization of $8.09 million, a P/E ratio of 7.00 and a beta of -2.83.

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.