Share on StockTwits

Innovative Solutions And Support (NASDAQ:ISSC)‘s stock had its “buy” rating reaffirmed by Singular Research in a research note issued on Thursday. They currently have a $10.00 target price on the stock. Singular Research’s price objective would indicate a potential upside of 68.07% from the company’s current price.

Innovative Solutions And Support (NASDAQ:ISSC) traded down 4.19% on Thursday, hitting $5.95. 50,364 shares of the company’s stock traded hands. Innovative Solutions And Support has a one year low of $5.85 and a one year high of $8.82. The stock has a 50-day moving average of $6.88 and a 200-day moving average of $7.17. The company has a market cap of $100.9 million and a P/E ratio of 44.36. Innovative Solutions And Support also was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 131,283 shares, a decline of 84.6% from the June 30th total of 853,450 shares. Based on an average trading volume of 34,828 shares, the days-to-cover ratio is currently 3.8 days. Currently, 1.0% of the shares of the company are short sold.

Innovative Solutions And Support (NASDAQ:ISSC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.03. The company had revenue of $10.60 million for the quarter, compared to the consensus estimate of $11.20 million. During the same quarter last year, the company posted $0.05 earnings per share. Analysts expect that Innovative Solutions And Support will post $0.22 EPS for the current fiscal year.

Innovative Solutions and Support, Inc (NASDAQ:ISSC) designs, manufactures and sells flat panel display systems, flight information computers and advanced monitoring systems to the Department of Defense (DoD), government agencies, defense contractors, commercial air transport carriers, original equipment manufacturers (OEMs), and corporate/general aviation markets.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.