Innovative Designs (OTCMKTS:IVDN) Issues Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) released its earnings results on Thursday. The company reported $0.01 earnings per share (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%.

Innovative Designs Stock Performance

OTCMKTS:IVDN remained flat at $0.29 during mid-day trading on Thursday. The company has a quick ratio of 1.53, a current ratio of 3.44 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $0.23 and its 200-day moving average is $0.13. Innovative Designs has a 52-week low of $0.00 and a 52-week high of $0.40.

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.