Innovative Solutions and Support (NASDAQ:ISSC) Stock Rating Lowered by StockNews.com

Innovative Solutions and Support (NASDAQ:ISSC) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Innovative Solutions and Support Stock Performance

NASDAQ:ISSC opened at $8.15 on Friday. The business’s fifty day moving average is $7.53 and its 200 day moving average is $6.78. The firm has a market cap of $142.63 million, a price-to-earnings ratio of 22.03 and a beta of 1.06. Innovative Solutions and Support has a 52-week low of $4.91 and a 52-week high of $9.00.

Innovative Solutions and Support (NASDAQ:ISSC) last announced 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

A number of hedge funds have recently made changes to their positions in ISSC. Barclays PLC purchased a new position in Innovative Solutions and Support during the third quarter worth about $32,000. Corsair Capital Management L.P. purchased a new stake in shares of Innovative Solutions and Support in the 3rd quarter valued at about $155,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at about $466,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Innovative Solutions and Support by 29.0% during 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 in the last quarter. Finally, James Investment Research Inc. bought a new position in shares of Innovative Solutions and Support in the third quarter worth approximately $68,000. 28.53% of the stock is currently 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.