Innovative Solutions and Support (NASDAQ:ISSC) Cut to Buy at StockNews.com

StockNews.com cut shares of Innovative Solutions and Support (NASDAQ:ISSC) from a strong-buy rating to a buy rating in a research report report published on Sunday.

Innovative Solutions and Support Trading Up 0.4 %

Shares of ISSC stock opened at $8.52 on Friday. The business’s fifty day simple moving average is $7.84 and its 200-day simple moving average is $6.97. Innovative Solutions and Support has a 12-month low of $4.91 and a 12-month high of $8.97. The company has a market cap of $149.41 million, a PE ratio of 23.03 and a beta of 1.00.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share for the quarter. Innovative Solutions and Support had a return on equity of 16.62% and a net margin of 14.40%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pekin Hardy Strauss Inc. purchased a new stake in shares of Innovative Solutions and Support during the third quarter valued at $466,000. Gabelli Funds LLC grew its stake in Innovative Solutions and Support by 42.2% during the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after purchasing an additional 18,585 shares during the last quarter. James Investment Research Inc. purchased a new stake in Innovative Solutions and Support during the 3rd quarter valued at about $68,000. Dimensional Fund Advisors LP increased its holdings in shares of Innovative Solutions and Support by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after purchasing an additional 8,760 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Innovative Solutions and Support by 29.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock worth $287,000 after purchasing an additional 9,888 shares during the last quarter. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Company Profile

Innovative Solutions and Support, Inc, a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicate the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight deck management system, a navigation and performance computer that upgrade for commercial air transport aircraft.