Innovative Solutions and Support (NASDAQ:ISSC) Shares Cross Above 200-Day Moving Average – Here’s Why

Innovative Solutions and Support, Inc. (NASDAQ:ISSC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.41 and traded as high as $7.30. Innovative Solutions and Support shares last traded at $7.30, with a volume of 166,348 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Innovative Solutions and Support Price Performance

The firm has a market cap of $126.88 million, a PE ratio of 19.59 and a beta of 1.07. The stock has a 50-day moving average price of $6.86 and a 200 day moving average price of $6.41.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings results on Friday, August 9th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter. Innovative Solutions and Support had a return on equity of 16.62% and a net margin of 14.40%. The firm had revenue of $11.77 million for the quarter.

Insider Activity at Innovative Solutions and Support

In related news, Director Glen R. Bressner purchased 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $6.83 per share, for a total transaction of $27,320.00. Following the acquisition, the director now directly owns 128,201 shares in the company, valued at $875,612.83. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, Director Glen R. Bressner purchased 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was bought at an average cost of $6.83 per share, for a total transaction of $27,320.00. Following the completion of the purchase, the director now directly owns 128,201 shares of the company’s stock, valued at $875,612.83. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Glen R. Bressner acquired 5,000 shares of Innovative Solutions and Support stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average cost of $6.53 per share, for a total transaction of $32,650.00. Following the completion of the purchase, the director now directly owns 123,201 shares in the company, valued at approximately $804,502.53. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Innovative Solutions and Support

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Innovative Solutions and Support by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after buying an additional 8,760 shares in the last quarter. Isthmus Partners LLC grew its position in Innovative Solutions and Support by 46.1% in the first quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company’s stock valued at $1,438,000 after acquiring an additional 61,993 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Innovative Solutions and Support by 42.2% during the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after purchasing an additional 18,585 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Innovative Solutions and Support during the first quarter worth $117,000. Finally, James Investment Research Inc. purchased a new position in shares of Innovative Solutions and Support in the third quarter valued at $68,000. 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.