Innovative Solutions and Support (NASDAQ:ISSC) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.41 and traded as high as $7.30. Innovative Solutions and Support shares last traded at $7.30, with a volume of 166,348 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 Stock Up 1.8 %

The firm has a market capitalization of $127.75 million, a price-to-earnings ratio of 19.73 and a beta of 1.07. The stock’s 50 day moving average price is $6.85 and its two-hundred day moving average price is $6.41.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings data on Friday, August 9th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter. The firm 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

In other Innovative Solutions and Support news, Director Glen R. Bressner acquired 4,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now owns 128,201 shares of the company’s stock, valued at approximately $875,612.83. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Glen R. Bressner purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $6.53 per share, for a total transaction of $32,650.00. Following the completion of the acquisition, the director now directly owns 123,201 shares of the company’s stock, valued at approximately $804,502.53. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Glen R. Bressner purchased 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $6.83 per share, with a total value of $27,320.00. Following the completion of the acquisition, the director now directly owns 128,201 shares of the company’s stock, valued at approximately $875,612.83. 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Innovative Solutions and Support

Hedge funds have recently bought and sold shares of the company. James Investment Research Inc. bought a new stake in Innovative Solutions and Support during the third quarter valued at about $68,000. Quadrature Capital Ltd acquired a new position in shares of Innovative Solutions and Support during the first quarter valued at about $117,000. Gabelli Funds LLC raised its position in shares of Innovative Solutions and Support by 42.2% during the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after buying an additional 18,585 shares during the last quarter. Isthmus Partners LLC raised its position in shares of Innovative Solutions and Support by 46.1% during the first quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company’s stock valued at $1,438,000 after buying an additional 61,993 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Innovative Solutions and Support by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after buying an additional 8,760 shares during the last quarter. 28.53% of the stock is currently owned by 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.