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

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

Innovative Solutions and Support Price Performance

NASDAQ:ISSC opened at $8.70 on Friday. The company 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 two-hundred day simple moving average of $6.94. Innovative Solutions and Support has a 1 year low of $4.91 and a 1 year high of $8.97.

Innovative Solutions and Support (NASDAQ:ISSC) last announced 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 return on equity of 16.62% and a net margin of 14.40%.

Institutional Trading of Innovative Solutions and Support

Institutional investors have recently modified their holdings of the business. Barclays PLC bought a new stake in Innovative Solutions and Support during the 3rd quarter valued at $32,000. James Investment Research Inc. purchased a new position in shares of Innovative Solutions and Support in the third quarter valued at $68,000. Corsair Capital Management L.P. bought a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at $155,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Innovative Solutions and Support by 29.0% during the 3rd 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, Gabelli Funds LLC boosted its stake in Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 18,585 shares during the period. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

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.