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

Innovative Solutions and Support (NASDAQ:ISSC) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Innovative Solutions and Support Stock Up 8.7 %

Innovative Solutions and Support stock opened at $8.15 on Friday. The stock has a market cap of $142.63 million, a P/E ratio of 22.03 and a beta of 1.06. The company’s 50 day moving average price is $7.53 and its two-hundred day moving average price is $6.78. Innovative Solutions and Support has a 52 week low of $4.91 and a 52 week high of $9.00.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings results on Thursday, December 19th. The aerospace company reported $0.21 EPS for the quarter. Innovative Solutions and Support had a return on equity of 16.62% and a net margin of 14.40%.

Institutional Trading of Innovative Solutions and Support

Large investors have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. purchased a new stake in Innovative Solutions and Support in the third quarter worth $466,000. Corsair Capital Management L.P. bought a new position in shares of Innovative Solutions and Support during the 3rd quarter worth $155,000. Gabelli Funds LLC increased its holdings in Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after acquiring an additional 18,585 shares during the last quarter. James Investment Research Inc. bought a new stake in Innovative Solutions and Support in the 3rd quarter valued at about $68,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Innovative Solutions and Support by 29.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after purchasing an additional 9,888 shares during 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.