Innovative Solutions and Support (NASDAQ:ISSC) Shares Pass Above 200 Day Moving Average of $6.89

Innovative Solutions and Support, Inc. (NASDAQ:ISSC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.89 and traded as high as $7.59. Innovative Solutions and Support shares last traded at $6.77, with a volume of 195,907 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 31st.

Innovative Solutions and Support Stock Down 3.5 %

The company has a market cap of $114.21 million, a PE ratio of 18.14 and a beta of 1.08. The stock has a 50-day simple moving average of $6.06 and a 200 day simple moving average of $6.88.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its earnings results on Monday, May 13th. The aerospace company reported $0.07 EPS for the quarter. The company had revenue of $10.74 million for the quarter. Innovative Solutions and Support had a return on equity of 16.24% and a net margin of 15.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Isthmus Partners LLC grew its stake in Innovative Solutions and Support by 4.4% during the 4th quarter. Isthmus Partners LLC now owns 134,511 shares of the aerospace company’s stock worth $1,147,000 after purchasing an additional 5,642 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Innovative Solutions and Support during the 4th quarter worth $93,000. Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support during the 1st quarter worth $117,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in Innovative Solutions and Support during the 1st quarter worth $439,000. 28.53% of the stock is owned by institutional investors and hedge funds.

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.