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

Innovative Solutions and Support (NASDAQ:ISSC) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Innovative Solutions and Support Price Performance

Shares of ISSC opened at $8.70 on Friday. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $8.97. The company has a market capitalization of $152.56 million, a P/E ratio of 23.51 and a beta of 1.00. The firm’s 50 day simple moving average is $7.79 and its 200 day simple moving average is $6.93.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Pekin Hardy Strauss Inc. purchased a new stake in shares of Innovative Solutions and Support in the 3rd quarter valued at $466,000. Gabelli Funds LLC boosted its position in 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 period. James Investment Research Inc. bought a new position in shares of Innovative Solutions and Support during the third quarter valued at about $68,000. Dimensional Fund Advisors LP grew its stake 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. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Innovative Solutions and Support by 29.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock worth $287,000 after buying an additional 9,888 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.