Innovative Solutions and Support (NASDAQ:ISSC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Innovative Solutions and Support, Inc. (NASDAQ:ISSC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.44 and traded as high as $7.65. Innovative Solutions and Support shares last traded at $7.53, with a volume of 88,401 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Innovative Solutions and Support Price Performance

The company has a fifty day moving average price of $6.90 and a two-hundred day moving average price of $6.44. The firm has a market cap of $131.78 million, a price-to-earnings ratio of 20.35 and a beta of 1.06.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings results on Friday, August 9th. The aerospace company reported $0.11 earnings per share for the quarter. The company had revenue of $11.77 million during the quarter. Innovative Solutions and Support had a net margin of 14.40% and a return on equity of 16.62%.

Insider Activity at Innovative Solutions and Support

In other Innovative Solutions and Support news, Director Glen R. Bressner purchased 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $6.83 per share, for a total transaction of $27,320.00. Following the completion of the transaction, the director now owns 128,201 shares in the company, valued at $875,612.83. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Innovative Solutions and Support

Several hedge funds have recently modified their holdings of the stock. James Investment Research Inc. acquired a new stake in Innovative Solutions and Support during the 3rd quarter worth about $68,000. Quadrature Capital Ltd acquired a new position in shares of Innovative Solutions and Support in the first quarter worth about $117,000. Connor Clark & Lunn Investment Management Ltd. increased its position 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 acquiring an additional 9,888 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Innovative Solutions and Support by 42.2% during the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after acquiring an additional 18,585 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after acquiring an additional 8,760 shares in the last quarter. 28.53% of the stock is owned by hedge funds and other institutional investors.

About Innovative Solutions and Support

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.