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

Key Points

• Innovative Solutions and Support's stock price has surpassed its 200-day moving average, trading at $12.43, indicating positive momentum in its performance.
• Wall Street analysts have upgraded the stock from a "hold" to a "buy" rating, suggesting strong confidence in the company's prospects.
• The company reported earnings of $0.14 per share, which was below analysts' expectations, despite exceeding revenue estimates with $24.15 million for the quarter.

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.11 and traded as high as $12.51. Innovative Solutions and Support shares last traded at $12.43, with a volume of 275,595 shares.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Innovative Solutions and Support Price Performance

The company has a market cap of $219.14 million, a P/E ratio of 18.83 and a beta of 0.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.69 and a current ratio of 3.53. The firm's fifty day moving average is $13.69 and its two-hundred day moving average is $11.11.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last issued its earnings results on Thursday, August 14th. The aerospace company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm 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%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Innovative Solutions and Support by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company's stock valued at $1,711,000 after purchasing an additional 725 shares during the last quarter. Isthmus Partners LLC boosted its holdings in shares of Innovative Solutions and Support by 0.8% during the 1st 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 during the last quarter. J.W. Cole Advisors Inc. boosted its holdings 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 valued at $213,000 after purchasing an additional 1,700 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Innovative Solutions and Support by 4.0% during the 1st quarter. HighTower Advisors LLC now owns 48,987 shares of the aerospace company's stock valued at $308,000 after purchasing an additional 1,880 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Innovative Solutions and Support by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company's stock valued at $172,000 after purchasing an additional 2,228 shares during the last quarter. Institutional investors own 28.53% of the company's stock.

Innovative Solutions and Support Company Profile

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.

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