Innovative Solutions and Support (NASDAQ:ISSC) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

Innovative Solutions and Support Stock Performance

ISSC opened at $8.75 on Friday. The stock’s fifty day simple moving average is $7.65 and its 200 day simple moving average is $6.85. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $8.97. The stock has a market cap of $153.13 million, a PE ratio of 23.65 and a beta of 1.06.

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

Institutional Investors Weigh In On Innovative Solutions and Support

A number of institutional investors have recently made changes to their positions in ISSC. Barclays PLC acquired a new stake in Innovative Solutions and Support during the 3rd quarter worth approximately $32,000. James Investment Research Inc. acquired a new stake in shares of Innovative Solutions and Support during the third quarter worth $68,000. Corsair Capital Management L.P. bought a new stake in shares of Innovative Solutions and Support in the third quarter valued at about $155,000. Connor Clark & Lunn Investment Management Ltd. boosted 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 valued at $287,000 after acquiring an additional 9,888 shares during the period. Finally, Gabelli Funds LLC grew its stake in shares of Innovative Solutions and Support by 42.2% in 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 in the last quarter. Institutional investors own 28.53% of the company’s stock.

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.