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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.95 and traded as high as $7.99. Innovative Solutions and Support shares last traded at $7.45, with a volume of 338,527 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Monday, February 17th.

Innovative Solutions and Support Stock Down 5.9 %

The firm has a 50-day moving average of $9.47 and a two-hundred day moving average of $7.95. The stock has a market capitalization of $130.71 million, a price-to-earnings ratio of 19.61 and a beta of 1.03. The company has a quick ratio of 3.02, a current ratio of 5.22 and a debt-to-equity ratio of 0.55.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.11). The firm had revenue of $15.97 million during the quarter. Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%.

Insiders Place Their Bets

In other news, major shareholder Christopher Harborne sold 98,600 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.82, for a total value of $1,066,852.00. Following the sale, the insider now directly owns 2,501,169 shares of the company’s stock, valued at approximately $27,062,648.58. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 263,623 shares of company stock valued at $2,911,665 over the last quarter. Insiders own 3.70% of the company’s stock.

Institutional Trading of Innovative Solutions and Support

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its position in shares of Innovative Solutions and Support by 23.1% in the 4th quarter. Millennium Management LLC now owns 26,391 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 4,951 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at approximately $389,000. Jane Street Group LLC acquired a new position in shares of Innovative Solutions and Support during the fourth quarter valued at $269,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Innovative Solutions and Support in the 4th quarter valued at about $89,000. Finally, Northern Trust Corp lifted its stake in shares of Innovative Solutions and Support by 32.2% in the 4th quarter. Northern Trust Corp now owns 45,043 shares of the aerospace company’s stock valued at $385,000 after purchasing an additional 10,961 shares during the period. 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.