Innovative Solutions and Support (NASDAQ:ISSC) Cut to “Buy” at StockNews.com

StockNews.com cut shares of Innovative Solutions and Support (NASDAQ:ISSC) from a strong-buy rating to a buy rating in a report released on Tuesday.

Innovative Solutions and Support Price Performance

Shares of Innovative Solutions and Support stock opened at $6.61 on Tuesday. Innovative Solutions and Support has a 1-year low of $6.19 and a 1-year high of $9.00. The stock has a market cap of $115.32 million, a P/E ratio of 18.35 and a beta of 1.04. The stock’s 50 day simple moving average is $7.23 and its 200-day simple moving average is $7.66.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.06 earnings per share for the quarter. Innovative Solutions and Support had a return on equity of 17.20% and a net margin of 16.98%. The company had revenue of $9.31 million for the quarter.

Hedge Funds Weigh In On Innovative Solutions and Support

Institutional investors have recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Innovative Solutions and Support in the 1st quarter valued at approximately $439,000. Punch & Associates Investment Management Inc. acquired a new position in Innovative Solutions and Support in the third quarter valued at approximately $327,000. WealthTrust Axiom LLC grew its position in Innovative Solutions and Support by 3.2% in the third quarter. WealthTrust Axiom LLC now owns 793,105 shares of the aerospace company’s stock worth $6,028,000 after acquiring an additional 24,351 shares during the period. Victory Capital Management Inc. acquired a new stake in Innovative Solutions and Support during the fourth quarter worth $93,000. Finally, Isthmus Partners LLC raised its position in Innovative Solutions and Support by 4.4% in the fourth quarter. Isthmus Partners LLC now owns 134,511 shares of the aerospace company’s stock valued at $1,147,000 after purchasing an additional 5,642 shares during the period. 28.53% of the stock is owned by hedge funds and other institutional investors.

Innovative Solutions and Support Company Profile

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.