Shares of Innovative Designs (OTCMKTS:IVDN) have been trading within a narrow range over the past few sessions.
Trading Data
On Wednesday, IVDN stock ended flat at $0.3644 with more than 5k shares traded, compared to its average volume of 12K shares. The stock has moved within a range of $0.3644 – 0.3644 after opening trading at $0.3544.
Innovative Designs Expands Pro Staff
Innovative Designs (OTCMKTS:IVDN) on January 12, 2021, added Dr. Donald V. Garlotta Ph.D. to the advisory staff for Insultex House Wrap.
Currently serving as Technical Director at Airex Rubber Products Corporation in Portland, Connecticut, Garlotta was engaged in the role earlier at Airex Rubber Products Corporation having a number of roles as Polymer Scientist and Analytical Chemist.
The new advisory staff had earned a Ph.D. in Polymer Science/Plastics Engineering from the University of Massachusetts. The extensive background in New Product Development, as well as Commercialization, assists Innovative Designs in assessing state-of-the-art test methods.
Furthermore, Dr.Garlotta has a lot of experience in the thermal and mechanical characterization of polymeric materials, which would give an advantage to Innovative Designs. Additionally, he would help Innovative Designs to develop an updated patent and also play a key role in filing patent applications in new market segments.
An author/co-author of a number of peer-reviewed publications as well as patents of biopolymers, Garlotta has a lot of knowledge in polymer properties, applications, and markets that would guide Innovative Designs promising directions for Insultex House Wrap.
Joseph Riccelli, CEO of Innovative Designs said that the firm is lucky to have Dr. Donald Garlotta joining Innovative Designs’ consulting staff and his background in fresh product development will help in ensuring state-of-the-art test methods.
Key Quote
Joseph Riccelli, CEO of Innovative Designs, commented, “We are fortunate to have Dr. Donald Garlotta join Innovative Designs’ consulting staff. Dr. Garlotta’s professional background in new product development will assist Innovative Designs in evaluating and instituting state-of-the-art test methods as it relates to Insultex House Wrap.”
Technical Data
IVDN stock is trading below the 20-Day and 50-Day Moving averages of $0.3689 and $0.3761 respectively. Moreover, the stock is trading below the 10-Day moving average of $0.3688.
