Innovative Solutions and Support (NASDAQ:ISSC) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning.

Innovative Solutions and Support Price Performance

NASDAQ ISSC opened at $6.62 on Monday. The company has a market cap of $115.59 million, a PE ratio of 18.39 and a beta of 1.04. The stock’s 50 day simple moving average is $7.44 and its 200-day simple moving average is $7.69. Innovative Solutions and Support has a 1-year low of $6.29 and a 1-year high of $9.00.

Innovative Solutions and Support (NASDAQ:ISSC) last released its 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 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

Several hedge funds and other institutional investors have recently made changes to their positions in ISSC. Punch & Associates Investment Management Inc. acquired a new stake in shares of Innovative Solutions and Support in the third quarter valued at approximately $327,000. WealthTrust Axiom LLC increased its holdings in shares of Innovative Solutions and Support by 3.2% in the third quarter. WealthTrust Axiom LLC now owns 793,105 shares of the aerospace company’s stock valued at $6,028,000 after purchasing an additional 24,351 shares during the last quarter. Barclays PLC acquired a new stake in shares of Innovative Solutions and Support in the third quarter valued at approximately $37,000. Victory Capital Management Inc. acquired a new stake in shares of Innovative Solutions and Support in the fourth quarter valued at approximately $93,000. Finally, Isthmus Partners LLC increased its holdings in shares of 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 valued at $1,147,000 after purchasing an additional 5,642 shares during the last quarter. Hedge funds and other 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.