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

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Innovative Solutions and Support Stock Down 18.5 %

NASDAQ:ISSC traded down $1.96 during mid-day trading on Monday, hitting $8.63. The company had a trading volume of 1,442,607 shares, compared to its average volume of 267,534. The business has a fifty day simple moving average of $9.42 and a 200-day simple moving average of $7.87. The firm has a market capitalization of $151.37 million, a price-to-earnings ratio of 21.58 and a beta of 1.03. Innovative Solutions and Support has a 1 year low of $4.91 and a 1 year high of $12.17. The company has a current ratio of 4.77, a quick ratio of 3.02 and a debt-to-equity ratio of 0.60.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). Innovative Solutions and Support had a net margin of 14.83% and a return on equity of 18.32%. The firm had revenue of $15.97 million during the quarter.

Insiders Place Their Bets

In related news, major shareholder Christopher Harborne sold 98,600 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.82, for a total value of $1,066,852.00. Following the sale, the insider now directly owns 2,501,169 shares of the company’s stock, valued at $27,062,648.58. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 263,623 shares of company stock worth $2,911,665 in the last three months. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Innovative Solutions and Support

Several hedge funds and other institutional investors have recently modified their holdings of ISSC. Barclays PLC acquired a new position in Innovative Solutions and Support in the third quarter worth about $32,000. James Investment Research Inc. bought a new position in Innovative Solutions and Support during the 3rd quarter worth approximately $68,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Innovative Solutions and Support in the 4th quarter worth approximately $89,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Innovative Solutions and Support in the 4th quarter valued at approximately $107,000. Finally, XTX Topco Ltd bought a new stake in shares of Innovative Solutions and Support in the 4th quarter valued at approximately $119,000. 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.