Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) issued its earnings results on Thursday. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11), Zacks reports. The business had revenue of $15.97 million for the quarter. Innovative Solutions and Support had a return on equity of 18.32% and a net margin of 14.83%.
Innovative Solutions and Support Trading Down 18.5 %
ISSC stock traded down $1.96 during trading on Monday, reaching $8.63. 1,442,607 shares of the stock were exchanged, compared to its average volume of 267,534. The business has a 50 day moving average price of $9.42 and a 200-day moving average price of $7.87. The firm has a market capitalization of $151.37 million, a price-to-earnings ratio of 21.58 and a beta of 1.03. Innovative Solutions and Support has a 1 year low of $4.91 and a 1 year high of $12.17. The company has a current ratio of 4.77, a quick ratio of 3.02 and a debt-to-equity ratio of 0.60.
Insider Activity
In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 98,600 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.82, for a total transaction of $1,066,852.00. Following the completion of the transaction, the insider now owns 2,501,169 shares in the company, valued at $27,062,648.58. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have sold 263,623 shares of company stock valued at $2,911,665. Company insiders own 3.70% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Innovative Solutions and Support from a "hold" rating to a "buy" rating in a research report on Monday.
Check Out Our Latest Report on Innovative Solutions and Support
About Innovative Solutions and Support
(
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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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