Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.74 and traded as high as $11.19. Innovative Solutions and Support shares last traded at $11.03, with a volume of 736,767 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Innovative Solutions and Support from a "buy" rating to a "hold" rating in a research report on Sunday, August 24th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of "Strong Buy".
Get Our Latest Report on ISSC
Innovative Solutions and Support Price Performance
The stock has a market cap of $200.98 million, a P/E ratio of 17.27 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.53 and a quick ratio of 1.69. The business's fifty day moving average price is $14.21 and its 200 day moving average price is $10.81.
Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last posted its earnings results on Thursday, August 14th. The aerospace company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The company had revenue of $24.15 million during the quarter, compared to the consensus estimate of $19.20 million. Innovative Solutions and Support had a return on equity of 23.86% and a net margin of 15.10%.
Insider Transactions at Innovative Solutions and Support
In related news, major shareholder Christopher Harborne sold 145,009 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $13.69, for a total value of $1,985,173.21. Following the completion of the transaction, the insider owned 1,583,411 shares in the company, valued at $21,676,896.59. This trade represents a 8.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 457,244 shares of company stock valued at $6,054,098. 4.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. bought a new position in Innovative Solutions and Support in the 1st quarter valued at approximately $64,000. Sterneck Capital Management LLC acquired a new stake in shares of Innovative Solutions and Support during the 1st quarter worth approximately $112,000. Algert Global LLC acquired a new stake in shares of Innovative Solutions and Support during the 1st quarter worth approximately $152,000. Meixler Investment Management Ltd. grew its position in shares of Innovative Solutions and Support by 31.4% during the 2nd quarter. Meixler Investment Management Ltd. now owns 15,275 shares of the aerospace company's stock worth $212,000 after buying an additional 3,650 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in shares of Innovative Solutions and Support by 12.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,360 shares of the aerospace company's stock worth $213,000 after buying an additional 1,700 shares during the period. Institutional investors own 28.53% of the company's stock.
Innovative Solutions and Support Company Profile
(
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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.
Further Reading
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