Innovative Solutions and Support (NASDAQ:ISSC) Shares Pass Above 200-Day Moving Average - What's Next?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.44 and traded as high as $7.65. Innovative Solutions and Support shares last traded at $7.53, with a volume of 88,401 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Innovative Solutions and Support from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, August 27th.

Innovative Solutions and Support Stock Up 2.3 %

The stock has a 50-day moving average price of $6.91 and a 200 day moving average price of $6.45. The firm has a market capitalization of $134.75 million, a PE ratio of 20.35 and a beta of 1.06.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $11.77 million during the quarter. Innovative Solutions and Support had a net margin of 14.40% and a return on equity of 16.62%.

Insider Buying and Selling at Innovative Solutions and Support

In other news, Director Glen R. Bressner bought 4,000 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $6.83 per share, for a total transaction of $27,320.00. Following the completion of the purchase, the director now owns 128,201 shares of the company's stock, valued at approximately $875,612.83. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Innovative Solutions and Support

Institutional investors have recently added to or reduced their stakes in the business. James Investment Research Inc. acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at $68,000. Quadrature Capital Ltd purchased a new position in Innovative Solutions and Support during the 1st quarter worth $117,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in 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 worth $287,000 after acquiring an additional 9,888 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Innovative Solutions and Support by 42.2% in the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company's stock valued at $376,000 after acquiring an additional 18,585 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company's stock worth $2,509,000 after purchasing an additional 8,760 shares during the period. Hedge funds and other institutional investors own 28.53% of the company's stock.

About Innovative Solutions and Support

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.