Innovative Solutions and Support (NASDAQ:ISSC) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Innovative Solutions and Support (ISSC) saw its stock price exceed the 200-day moving average, trading as high as $17.69, which reflects a positive trend in the company's financial performance.
• Analyst ratings have improved, with Singular Research upgrading the stock to a "strong-buy" rating and Wall Street Zen raising it from "hold" to "buy."
• Despite recent insider selling, where a major shareholder sold over 145,000 shares, institutional ownership remains robust at 28.53% of the total stock.

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.09 and traded as high as $17.69. Innovative Solutions and Support shares last traded at $17.66, with a volume of 527,866 shares changing hands.

Analyst Ratings Changes

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

Innovative Solutions and Support Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.66 and a current ratio of 4.87. The company has a 50-day simple moving average of $14.22 and a 200-day simple moving average of $10.13. The company has a market cap of $325.85 million, a price-to-earnings ratio of 30.34 and a beta of 0.97.

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

Insider Buying and Selling at Innovative Solutions and Support

In related news, major shareholder Christopher Harborne sold 145,009 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 1,583,411 shares in the company, valued at $21,676,896.59. This represents a 8.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 713,234 shares of company stock valued at $9,102,691. Corporate insiders own 4.40% of the company's stock.

Institutional Investors Weigh In On Innovative Solutions and Support

Large investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. grew its holdings in Innovative Solutions and Support by 9.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,618 shares of the aerospace company's stock valued at $287,000 after buying an additional 4,038 shares during the last quarter. Pekin Hardy Strauss Inc. grew its holdings in Innovative Solutions and Support by 48.5% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 102,500 shares of the aerospace company's stock valued at $645,000 after buying an additional 33,475 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Innovative Solutions and Support during the 4th quarter valued at $389,000. Jane Street Group LLC acquired a new stake in Innovative Solutions and Support during the 4th quarter valued at $269,000. Finally, Renaissance Technologies LLC grew its holdings in Innovative Solutions and Support by 18.5% during the 4th quarter. Renaissance Technologies LLC now owns 480,659 shares of the aerospace company's stock valued at $4,105,000 after buying an additional 75,100 shares during the last quarter. Institutional investors and hedge funds 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.