Innovative Solutions and Support (NASDAQ:ISSC) Research Coverage Started at Craig Hallum

Craig Hallum initiated coverage on shares of Innovative Solutions and Support (NASDAQ:ISSC) in a report issued on Friday, Marketbeat reports. The brokerage issued a buy rating and a $16.00 price target on the aerospace company’s stock.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Wednesday, October 8th. Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Northland Capmk upgraded Innovative Solutions and Support to a “strong-buy” rating in a report on Friday, November 21st. Finally, Northland Securities began coverage on shares of Innovative Solutions and Support in a report on Friday, November 21st. They set an “outperform” rating and a $16.50 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $16.25.

Innovative Solutions and Support Price Performance

Innovative Solutions and Support stock opened at $10.22 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.53 and a quick ratio of 1.69. The stock has a market cap of $180.28 million, a price-to-earnings ratio of 15.49 and a beta of 0.77. The firm has a 50-day moving average of $10.20 and a two-hundred day moving average of $12.26. Innovative Solutions and Support has a 1 year low of $5.30 and a 1 year high of $20.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. purchased a new stake in Innovative Solutions and Support during the first quarter valued at approximately $64,000. Bank of America Corp DE increased its position in shares of Innovative Solutions and Support by 589.9% during the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 7,792 shares in the last quarter. Matauro LLC acquired a new position in shares of Innovative Solutions and Support during the third quarter worth $125,000. Algert Global LLC purchased a new stake in shares of Innovative Solutions and Support during the 1st quarter valued at $152,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth $160,000. Hedge funds and other 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.