Innovative Solutions and Support (NASDAQ:ISSC) Shares Pass Above 200-Day Moving Average After Insider Selling

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) crossed above its 200-day moving average during trading on Thursday after an insider bought additional shares in the company. The stock has a 200-day moving average of $8.50 and traded as high as $12.73. Innovative Solutions and Support shares last traded at $12.35, with a volume of 210,404 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ISSC. Wall Street Zen raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Wednesday, May 21st. Singular Research upgraded Innovative Solutions and Support to a “strong-buy” rating in a report on Friday, May 16th.

Innovative Solutions and Support Stock Down 1.9%

The company has a current ratio of 4.87, a quick ratio of 2.66 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $217.36 million, a price-to-earnings ratio of 20.25 and a beta of 0.89. The stock has a fifty day moving average of $9.04 and a 200-day moving average of $8.50.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Wednesday, May 14th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.18. The business had revenue of $21.94 million for the quarter, compared to analysts’ expectations of $15.37 million. Innovative Solutions and Support had a return on equity of 24.37% and a net margin of 16.61%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in shares of Innovative Solutions and Support by 53.5% during the first quarter. Jane Street Group LLC now owns 48,250 shares of the aerospace company’s stock valued at $303,000 after buying an additional 16,808 shares in the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Innovative Solutions and Support by 68.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 210,000 shares of the aerospace company’s stock valued at $1,321,000 after buying an additional 85,000 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Innovative Solutions and Support during the first quarter valued at $523,000. Teton Advisors Inc. grew its holdings in shares of Innovative Solutions and Support by 48.9% during the first quarter. Teton Advisors Inc. now owns 137,000 shares of the aerospace company’s stock valued at $862,000 after buying an additional 45,000 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of Innovative Solutions and Support by 39.0% during the first quarter. Gabelli Funds LLC now owns 87,000 shares of the aerospace company’s stock valued at $547,000 after buying an additional 24,415 shares in the last quarter. Hedge funds and other institutional investors own 28.53% of the company’s stock.

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.