Innovative Designs (OTCMKTS:IVDN) Releases Earnings Results

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

Innovative Designs Price Performance

OTCMKTS 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 business has a 50 day moving average price of $0.24 and a 200 day moving average price of $0.13. The company has a quick ratio of 1.53, a current ratio of 3.44 and a debt-to-equity ratio of 0.03.

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.