Innovative Solutions and Support (NASDAQ:ISSC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.44 and traded as high as $7.65. Innovative Solutions and Support shares last traded at $7.53, with a volume of 88,401 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 27th.

Innovative Solutions and Support Stock Performance

The firm has a market capitalization of $131.78 million, a P/E ratio of 20.35 and a beta of 1.06. The stock has a fifty day moving average price of $6.90 and a two-hundred day moving average price of $6.44.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Friday, August 9th. The aerospace company reported $0.11 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%. The firm had revenue of $11.77 million during the quarter.

Insider Activity at Innovative Solutions and Support

In other Innovative Solutions and Support news, Director Glen R. Bressner bought 4,000 shares of the business’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. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Innovative Solutions and Support

Several large investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. acquired a new position in shares of Innovative Solutions and Support during the third quarter valued at $68,000. Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support during the 1st quarter valued at about $117,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Innovative Solutions and Support by 29.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock worth $287,000 after purchasing an additional 9,888 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Innovative Solutions and Support by 42.2% in the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after purchasing an additional 18,585 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings 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 owned by institutional investors and hedge funds.

About Innovative Solutions and Support

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.