Innovative Designs (OTCMKTS:IVDN) Announces Quarterly Earnings Results

Innovative Designs (OTCMKTS:IVDN) announced its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) 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 Stock Performance

Shares of IVDN remained flat at $0.29 during midday trading on Thursday. Innovative Designs has a 1-year low of $0.00 and a 1-year high of $0.40. The stock has a 50-day moving average of $0.23 and a 200-day moving average of $0.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.53 and a current ratio of 3.44.

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.