Innovative Solutions and Support (NASDAQ:ISSC) Stock Rating Upgraded by StockNews.com

Innovative Solutions and Support (NASDAQ:ISSC) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday.

Innovative Solutions and Support Stock Performance

Shares of Innovative Solutions and Support stock opened at $6.48 on Monday. Innovative Solutions and Support has a 52-week low of $6.29 and a 52-week high of $9.00. The stock has a market capitalization of $113.14 million, a price-to-earnings ratio of 18.00 and a beta of 1.04. The company has a fifty day moving average of $7.40 and a 200-day moving average of $7.69.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.06 earnings per share for the quarter. The business had revenue of $9.31 million during the quarter. Innovative Solutions and Support had a net margin of 16.98% and a return on equity of 17.20%.

Institutional Trading of Innovative Solutions and Support

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC purchased a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at about $37,000. Victory Capital Management Inc. bought a new stake in shares of Innovative Solutions and Support during the fourth quarter valued at approximately $93,000. Punch & Associates Investment Management Inc. bought a new stake in shares of Innovative Solutions and Support during the third quarter valued at approximately $327,000. Mesirow Financial Investment Management Inc. bought a new stake in Innovative Solutions and Support in the first quarter worth $439,000. Finally, Isthmus Partners LLC increased its position in Innovative Solutions and Support by 4.4% in the fourth 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 during the last quarter. 28.53% of the stock is currently owned by institutional investors.

About Innovative Solutions and Support

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.