Innovative Solutions and Support (NASDAQ:ISSC) Stock Passes Above 200 Day Moving Average on Insider Selling

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) passed above its two hundred day moving average during trading on Thursday after an insider bought additional shares in the company. The stock has a two hundred day moving average of $8.50 and traded as high as $12.73. Innovative Solutions and Support shares last traded at $12.35, with a volume of 210,404 shares trading hands.

Analyst Ratings Changes

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

Innovative Solutions and Support Trading Down 0.1%

The company has a debt-to-equity ratio of 0.51, a current ratio of 4.87 and a quick ratio of 2.66. The company's 50 day moving average is $9.17 and its two-hundred day moving average is $8.54. The firm has a market cap of $217.18 million, a P/E ratio of 20.23 and a beta of 0.88.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. acquired a new position in Innovative Solutions and Support in the fourth quarter worth about $389,000. Jane Street Group LLC acquired a new position in Innovative Solutions and Support in the fourth quarter worth about $269,000. Mesirow Financial Investment Management Inc. raised its position in Innovative Solutions and Support by 100.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company's stock worth $1,024,000 after purchasing an additional 59,940 shares in the last quarter. Renaissance Technologies LLC raised its position in Innovative Solutions and Support by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 480,659 shares of the aerospace company's stock worth $4,105,000 after purchasing an additional 75,100 shares in the last quarter. Finally, Northern Trust Corp raised its position in Innovative Solutions and Support by 32.2% in the fourth quarter. Northern Trust Corp now owns 45,043 shares of the aerospace company's stock worth $385,000 after purchasing an additional 10,961 shares in 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.