Innovative Designs (OTCMKTS:IVDN) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Innovative Designs, Inc. (OTCMKTS:IVDN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.30 and traded as low as $0.23. Innovative Designs shares last traded at $0.25, with a volume of 42,120 shares.

Innovative Designs Trading Down 0.9%

The business has a 50 day moving average of $0.24 and a two-hundred day moving average of $0.30. The firm has a market cap of $9.93 million, a P/E ratio of 8.58 and a beta of -2.74. The company has a current ratio of 8.48, a quick ratio of 5.52 and a debt-to-equity ratio of 0.01.

Innovative Designs (OTCMKTS:IVDN) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.01 EPS for the quarter. Innovative Designs had a net margin of 18.21% and a return on equity of 24.63%. The firm had revenue of $0.81 million during the quarter.

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.