Innovative Solutions and Support (NASDAQ:ISSC) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.02 and traded as high as $10.55. Innovative Solutions and Support shares last traded at $10.45, with a volume of 179,560 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Singular Research upgraded shares of Innovative Solutions and Support to a "strong-buy" rating in a report on Friday, May 16th. Wall Street Zen upgraded Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st.

Innovative Solutions and Support Stock Performance

The firm has a fifty day simple moving average of $7.29 and a 200 day simple moving average of $8.05. The company has a current ratio of 5.22, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55. The stock has a market cap of $198.05 million, a price-to-earnings ratio of 29.61 and a beta of 0.69.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last posted its earnings results on Wednesday, May 14th. The aerospace company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.18. Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%. The business had revenue of $21.94 million for the quarter, compared to analysts' expectations of $15.37 million.

Institutional Investors Weigh In On Innovative Solutions and Support

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in shares of Innovative Solutions and Support by 18.5% during the fourth quarter. Renaissance Technologies LLC now owns 480,659 shares of the aerospace company's stock valued at $4,105,000 after acquiring an additional 75,100 shares during the period. Dimensional Fund Advisors LP increased its stake in Innovative Solutions and Support by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 432,030 shares of the aerospace company's stock worth $3,690,000 after purchasing an additional 10,061 shares in the last quarter. Punch & Associates Investment Management Inc. raised its holdings in shares of Innovative Solutions and Support by 68.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 210,000 shares of the aerospace company's stock worth $1,321,000 after acquiring an additional 85,000 shares during the period. Isthmus Partners LLC lifted its holdings in shares of Innovative Solutions and Support by 0.8% in the first quarter. Isthmus Partners LLC now owns 192,048 shares of the aerospace company's stock valued at $1,208,000 after purchasing an additional 1,588 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Innovative Solutions and Support in the 4th quarter valued at approximately $1,283,000. 28.53% of the stock is currently 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.