Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Monday.
Innovative Solutions and Support Price Performance
NASDAQ:ISSC traded up $0.16 during midday trading on Monday, reaching $6.62. 57,064 shares of the company traded hands, compared to its average volume of 39,147. The firm has a market capitalization of $115.59 million, a price-to-earnings ratio of 18.39 and a beta of 1.04. The company has a fifty day moving average price of $7.44 and a 200 day moving average price of $7.69. Innovative Solutions and Support has a twelve month low of $6.29 and a twelve month high of $9.00.
Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.06 earnings per share (EPS) for the quarter. Innovative Solutions and Support had a net margin of 16.98% and a return on equity of 17.20%. The company had revenue of $9.31 million during the quarter.
Institutional Investors Weigh In On Innovative Solutions and Support
A number of hedge funds have recently made changes to their positions in ISSC. WealthTrust Axiom LLC raised its stake in Innovative Solutions and Support by 3.2% during the 3rd quarter. WealthTrust Axiom LLC now owns 793,105 shares of the aerospace company's stock valued at $6,028,000 after acquiring an additional 24,351 shares in the last quarter. Isthmus Partners LLC increased its holdings in shares of Innovative Solutions and Support by 4.4% during the fourth quarter. Isthmus Partners LLC now owns 134,511 shares of the aerospace company's stock valued at $1,147,000 after purchasing an additional 5,642 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in shares of Innovative Solutions and Support during the first quarter valued at about $439,000. Punch & Associates Investment Management Inc. acquired a new stake in Innovative Solutions and Support in the third quarter worth about $327,000. Finally, Victory Capital Management Inc. bought a new position in Innovative Solutions and Support in the 4th quarter valued at about $93,000. 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.
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