Innovative Solutions and Support (NASDAQ:ISSC) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.39 and traded as high as $6.90. Innovative Solutions and Support shares last traded at $6.90, with a volume of 15,225 shares changing hands.

Analyst Ratings Changes

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

Innovative Solutions and Support Trading Up 1.2 %

The stock has a 50-day moving average price of $6.68 and a two-hundred day moving average price of $6.40. The stock has a market cap of $122.11 million, a price-to-earnings ratio of 18.81 and a beta of 1.07.

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

Insider Buying and Selling

In related news, Director Glen R. Bressner acquired 4,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was acquired 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Glen R. Bressner acquired 4,000 shares of Innovative Solutions and Support stock in a transaction dated Thursday, August 15th. The stock was 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 directly owns 128,201 shares in the company, valued at $875,612.83. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glen R. Bressner bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of $6.53 per share, with a total value of $32,650.00. Following the acquisition, the director now directly owns 123,201 shares of the company's stock, valued at approximately $804,502.53. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

Institutional Trading of Innovative Solutions and Support

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in shares of Innovative Solutions and Support during the 1st quarter valued at approximately $117,000. Gabelli Funds LLC raised its position 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 worth $376,000 after acquiring an additional 18,585 shares during the period. Isthmus Partners LLC boosted its stake in shares of Innovative Solutions and Support by 46.1% during the 1st quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company's stock worth $1,438,000 after acquiring an additional 61,993 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 valued at $2,509,000 after acquiring an additional 8,760 shares during the period. Institutional investors and hedge funds 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.