Innovative Solutions and Support (NASDAQ:ISSC) Shares Cross Above Two Hundred Day Moving Average Following Insider Selling

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) passed above its 200-day moving average during trading on Thursday following insider buying activity. The stock has a 200-day moving average of $8.50 and traded as high as $12.73. Innovative Solutions and Support shares last traded at $12.35, with a volume of 210,404 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Singular Research raised shares of Innovative Solutions and Support to a “strong-buy” rating in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Wednesday, May 21st.

Innovative Solutions and Support Price Performance

The company has a market capitalization of $217.23 million, a P/E ratio of 20.23 and a beta of 0.89. The business’s 50-day simple moving average is $9.17 and its 200 day simple moving average is $8.53. The company has a current ratio of 4.87, a quick ratio of 2.66 and a debt-to-equity ratio of 0.51.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly earnings results on Wednesday, May 14th. The aerospace company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.18. Innovative Solutions and Support had a net margin of 16.61% and a return on equity of 24.37%. The company had revenue of $21.94 million for the quarter, compared to the consensus estimate of $15.37 million.

Hedge Funds Weigh In On Innovative Solutions and Support

Hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. acquired a new position in shares of Innovative Solutions and Support in the 4th quarter worth approximately $389,000. Jane Street Group LLC acquired a new position in shares of Innovative Solutions and Support in the 4th quarter worth approximately $269,000. Mesirow Financial Investment Management Inc. grew its stake in shares of Innovative Solutions and Support by 100.0% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 119,880 shares of the aerospace company’s stock worth $1,024,000 after purchasing an additional 59,940 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Innovative Solutions and Support by 18.5% in the 4th quarter. Renaissance Technologies LLC now owns 480,659 shares of the aerospace company’s stock worth $4,105,000 after purchasing an additional 75,100 shares during the last quarter. Finally, Northern Trust Corp grew 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 worth $385,000 after purchasing an additional 10,961 shares during the last quarter. Institutional investors and hedge funds 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.