Innovative Solutions and Support (NASDAQ:ISSC) Downgraded by StockNews.com to Buy

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

Innovative Solutions and Support Trading Up 0.7 %

NASDAQ ISSC opened at $8.70 on Friday. The firm has a market capitalization of $152.56 million, a P/E ratio of 23.51 and a beta of 1.00. The business has a fifty day simple moving average of $7.79 and a 200 day simple moving average of $6.94. Innovative Solutions and Support has a 12 month low of $4.91 and a 12 month high of $8.97.

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

Hedge Funds Weigh In On Innovative Solutions and Support

Institutional investors have recently modified their holdings of the business. Pekin Hardy Strauss Inc. bought a new stake in Innovative Solutions and Support during the third quarter worth $466,000. Gabelli Funds LLC increased its position in shares of 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. bought a new stake in shares of Innovative Solutions and Support during the 3rd quarter worth $68,000. Dimensional Fund Advisors LP boosted its holdings 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 worth $2,509,000 after buying an additional 8,760 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in 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 valued at $287,000 after buying an additional 9,888 shares during the period. 28.53% of the stock is owned by 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.