Innovative Solutions and Support (NASDAQ:ISSC) Stock Price Passes Above 200 Day Moving Average - Here's Why

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.95 and traded as high as $7.99. Innovative Solutions and Support shares last traded at $7.45, with a volume of 338,527 shares traded.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Innovative Solutions and Support from a "buy" rating to a "hold" rating in a research note on Thursday.

Innovative Solutions and Support Stock Up 1.0 %

The stock has a 50-day moving average of $9.45 and a 200 day moving average of $7.94. The company has a market capitalization of $125.27 million, a PE ratio of 18.79 and a beta of 1.03. The company has a quick ratio of 3.02, a current ratio of 5.22 and a debt-to-equity ratio of 0.55.

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11). The business had revenue of $15.97 million for the quarter. Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%.

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Insider Buying and Selling

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 98,600 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.82, for a total value of $1,066,852.00. Following the completion of the sale, the insider now directly owns 2,501,169 shares of the company's stock, valued at $27,062,648.58. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 263,623 shares of company stock worth $2,911,665. Insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barclays PLC bought a new stake in Innovative Solutions and Support in the 3rd quarter valued at about $32,000. James Investment Research Inc. purchased a new position in shares of Innovative Solutions and Support in the third quarter worth about $68,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at approximately $89,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Innovative Solutions and Support during the 4th quarter valued at approximately $107,000. Finally, XTX Topco Ltd purchased a new stake in shares of Innovative Solutions and Support during the 4th quarter valued at approximately $119,000. 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.