Innovative Solutions and Support, Inc. (NASDAQ:ISSC – Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 20,500 shares, an increase of 18.5% from the March 15th total of 17,300 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 42,800 shares, the short-interest ratio is presently 0.5 days.
Innovative Solutions and Support Trading Down 4.6 %
Shares of ISSC opened at $6.42 on Tuesday. The business’s fifty day simple moving average is $7.77 and its two-hundred day simple moving average is $7.77. Innovative Solutions and Support has a 12 month low of $6.11 and a 12 month high of $9.00. The company has a market cap of $112.09 million, a price-to-earnings ratio of 17.83 and a beta of 1.04.
Innovative Solutions and Support (NASDAQ:ISSC – Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $9.31 million for the quarter. Innovative Solutions and Support had a return on equity of 17.20% and a net margin of 16.98%.
Hedge Funds Weigh In On Innovative Solutions and Support
Analyst Ratings Changes
Separately, StockNews.com upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st.
Read Our Latest Stock Report on Innovative Solutions and Support
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.
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