Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.39 and traded as high as $7.20. Innovative Solutions and Support shares last traded at $7.19, with a volume of 16,008 shares.
Analyst Ratings Changes
Separately, StockNews.com upgraded Innovative Solutions and Support from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 27th.
Check Out Our Latest Analysis on Innovative Solutions and Support
Innovative Solutions and Support Stock Performance
The stock's 50-day simple moving average is $6.81 and its 200 day simple moving average is $6.39. The company has a market cap of $125.96 million, a PE ratio of 19.94 and a beta of 1.07.
Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter. The business 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 Innovative Solutions and Support 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 price of $6.83 per share, with a total value of $27,320.00. Following the completion of the transaction, the director now directly owns 128,201 shares in the company, valued at approximately $875,612.83. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Glen R. Bressner purchased 4,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $6.83 per share, for a total transaction of $27,320.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Glen R. Bressner bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $6.53 per share, for a total transaction of $32,650.00. Following the completion of the transaction, the director now directly owns 123,201 shares in the company, valued at approximately $804,502.53. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support during the 1st quarter worth approximately $117,000. Gabelli Funds LLC boosted its stake 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 purchasing an additional 18,585 shares during the period. Isthmus Partners LLC grew its holdings in 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 valued at $1,438,000 after purchasing an additional 61,993 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 buying 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
(
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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