Innovative Solutions and Support (NASDAQ:ISSC) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.38 and traded as high as $16.82. Innovative Solutions and Support shares last traded at $15.78, with a volume of 676,416 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on ISSC. Singular Research upgraded shares of Innovative Solutions and Support to a "strong-buy" rating in a research report on Friday, May 16th. Wall Street Zen raised shares of Innovative Solutions and Support from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.

Innovative Solutions and Support Price Performance

The company has a quick ratio of 2.66, a current ratio of 4.87 and a debt-to-equity ratio of 0.51. The stock has a market cap of $272.27 million, a PE ratio of 25.36 and a beta of 0.94. The firm's fifty day moving average price is $12.92 and its 200 day moving average price is $9.61.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.18. The firm had revenue of $21.94 million for the quarter, compared to the consensus estimate of $15.37 million. Innovative Solutions and Support had a net margin of 16.61% and a return on equity of 24.37%.

Insider Transactions at Innovative Solutions and Support

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 145,009 shares of the stock in a transaction on Monday, June 30th. The stock was 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 approximately $21,676,896.59. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 713,234 shares of company stock valued at $9,102,691 over the last three months. Corporate insiders own 4.40% of the company's stock.

Hedge Funds Weigh In On Innovative Solutions and Support

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. acquired a new position in shares of Innovative Solutions and Support during the first quarter valued at $64,000. Schonfeld Strategic Advisors LLC acquired a new position in Innovative Solutions and Support in the 4th quarter worth about $89,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Innovative Solutions and Support during the 4th quarter valued at about $107,000. XTX Topco Ltd acquired a new position in shares of Innovative Solutions and Support during the fourth quarter worth approximately $119,000. Finally, Sterneck Capital Management LLC acquired a new stake in shares of Innovative Solutions and Support during the 1st quarter worth approximately $112,000. 28.53% of the stock is owned by institutional investors and hedge funds.

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.