Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.71 and traded as high as $7.80. Innovative Solutions and Support shares last traded at $7.63, with a volume of 15,070 shares.
Analysts Set New Price Targets
Separately, StockNews.com raised Innovative Solutions and Support from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 27th.
Read Our Latest Research Report on Innovative Solutions and Support
Innovative Solutions and Support Price Performance
The company has a fifty day moving average of $7.43 and a two-hundred day moving average of $6.72. The stock has a market capitalization of $133.70 million, a P/E ratio of 20.62 and a beta of 1.06.
Hedge Funds Weigh In On Innovative Solutions and Support
Several institutional investors have recently modified their holdings of the company. Pekin Hardy Strauss Inc. bought a new position in Innovative Solutions and Support during the 3rd quarter valued at $466,000. Corsair Capital Management L.P. bought a new position in Innovative Solutions and Support during the third quarter valued at about $155,000. Gabelli Funds LLC grew its holdings in Innovative Solutions and Support by 42.2% during the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company's stock worth $376,000 after acquiring an additional 18,585 shares during the period. James Investment Research Inc. bought a new stake in Innovative Solutions and Support in the third quarter worth about $68,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Innovative Solutions and Support by 29.0% in 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 acquiring an additional 9,888 shares during the last quarter. Institutional investors own 28.53% of the company's stock.
Innovative Solutions and Support Company Profile
(
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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