Innovative Solutions and Support (NASDAQ:ISSC) Lowered to “Buy” Rating by StockNews.com

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

Innovative Solutions and Support Trading Up 8.7 %

ISSC stock traded up $0.65 during trading on Friday, hitting $8.15. The company had a trading volume of 526,588 shares, compared to its average volume of 46,924. The stock has a market cap of $142.63 million, a PE ratio of 22.03 and a beta of 1.06. The business has a 50-day moving average of $7.53 and a 200-day moving average of $6.78. Innovative Solutions and Support has a one year low of $4.91 and a one year high of $9.00.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, December 19th. The aerospace company reported $0.21 EPS for the quarter. Innovative Solutions and Support had a net margin of 14.40% and a return on equity of 16.62%.

Institutional Investors Weigh In On Innovative Solutions and Support

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC acquired a new position in Innovative Solutions and Support in the third quarter valued at approximately $32,000. Corsair Capital Management L.P. bought a new stake in shares of Innovative Solutions and Support in the 3rd quarter valued at $155,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Innovative Solutions and Support during the 3rd quarter valued at $466,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Innovative Solutions and Support by 29.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after acquiring an additional 9,888 shares during the period. Finally, James Investment Research Inc. bought a new position in Innovative Solutions and Support during the third quarter worth $68,000. 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.