Innovative Solutions and Support (NASDAQ:ISSC) Downgraded by StockNews.com to Hold

Innovative Solutions and Support (NASDAQ:ISSC - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Thursday.

Innovative Solutions and Support Trading Down 0.4 %

ISSC traded down $0.03 during trading on Thursday, hitting $5.66. The company's stock had a trading volume of 52,345 shares, compared to its average volume of 98,545. The firm has a market capitalization of $99.22 million, a P/E ratio of 14.90 and a beta of 0.88. Innovative Solutions and Support has a twelve month low of $4.91 and a twelve month high of $12.17. The stock's fifty day moving average price is $8.06 and its 200-day moving average price is $7.92. 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 released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.11). The business had revenue of $15.97 million during the quarter. Innovative Solutions and Support had a net margin of 12.40% and a return on equity of 16.80%.

Insider Buying and Selling

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 98,600 shares of Innovative Solutions and Support stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.82, for a total transaction of $1,066,852.00. Following the transaction, the insider now directly owns 2,501,169 shares of the company's stock, valued at $27,062,648.58. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 263,623 shares of company stock worth $2,911,665. 4.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Barclays PLC purchased a new stake in Innovative Solutions and Support in the 3rd quarter valued at about $32,000. Schonfeld Strategic Advisors LLC purchased a new position in Innovative Solutions and Support in the fourth quarter worth $89,000. Arrowstreet Capital Limited Partnership bought a new position in Innovative Solutions and Support in the 4th quarter valued at $107,000. XTX Topco Ltd purchased a new stake in shares of Innovative Solutions and Support during the 4th quarter valued at $119,000. Finally, NewEdge Advisors LLC raised its stake in shares of Innovative Solutions and Support by 7.5% during the 4th quarter. NewEdge Advisors LLC now owns 24,475 shares of the aerospace company's stock worth $209,000 after purchasing an additional 1,709 shares during the period. 28.53% of the stock is owned by institutional investors.

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.