Innovative Designs (OTCMKTS:IVDN) Stock Jumps 0.5% – What’s Next?

Innovative Designs, Inc. (OTCMKTS:IVDN)’s share price traded up 0.5% during trading on Thursday. The company traded as high as $0.2190 and last traded at $0.2190. 4,000 shares traded hands during trading, a decline of 75% from the average daily volume of 15,828 shares. The stock had previously closed at $0.2180.

Innovative Designs Price Performance

The company has a 50-day moving average of $0.22 and a 200 day moving average of $0.28. The company has a quick ratio of 3.93, a current ratio of 5.87 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.88 million, a PE ratio of 7.30 and a beta of -2.82.

Innovative Designs (OTCMKTS:IVDN) last announced its earnings results on Wednesday, September 16th. The company reported $0.01 earnings per share (EPS) for the quarter. Innovative Designs had a net margin of 17.14% and a return on equity of 22.98%. The company had revenue of $0.76 million for the quarter.

About Innovative Designs

Innovative Designs, Inc. (OTCMKTS: IVDN) develops, manufactures and markets insulated products designed to provide thermal protection and weather resistance. The company’s activities center on its Insultex technology, a lightweight insulating material intended for use in consumer and building-related applications. One of the company’s principal products is Insultex House Wrap, a building-envelope material designed to combine insulation with functions such as water resistance and air-barrier protection.