Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Sunday.
Innovative Solutions and Support Price Performance
NASDAQ:ISSC traded up $0.06 during trading hours on Friday, reaching $8.70. The company had a trading volume of 212,404 shares, compared to its average volume of 219,452. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $8.97. The business's 50 day moving average price is $7.79 and its 200-day moving average price is $6.94. The firm has a market cap of $152.56 million, a PE ratio of 23.51 and a beta of 1.00.
Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last posted its earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share for the quarter. Innovative Solutions and Support had a net margin of 14.40% and a return on equity of 16.62%.
Institutional Investors Weigh In On Innovative Solutions and Support
Institutional investors have recently modified their holdings of the business. Barclays PLC acquired a new position in Innovative Solutions and Support in the 3rd quarter worth about $32,000. Corsair Capital Management L.P. acquired a new position in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $155,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $466,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Innovative Solutions and Support by 29.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company's stock valued at $287,000 after buying an additional 9,888 shares in the last quarter. Finally, James Investment Research Inc. acquired a new stake in Innovative Solutions and Support in the 3rd quarter valued at $68,000. 28.53% of the stock is currently owned by institutional investors and hedge funds.
About Innovative Solutions and Support
(
Get Free Report)
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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