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

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

Innovative Solutions and Support Price Performance

ISSC stock opened at $8.75 on Friday. The business’s 50-day moving average price is $7.65 and its 200-day moving average price is $6.86. The stock has a market cap of $153.13 million, a P/E ratio of 23.65 and a beta of 1.06. Innovative Solutions and Support has a twelve month low of $4.91 and a twelve month high of $8.97.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its quarterly earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC bought a new position in shares of Innovative Solutions and Support in the third quarter worth about $32,000. James Investment Research Inc. purchased a new position in Innovative Solutions and Support in the 3rd quarter worth approximately $68,000. Corsair Capital Management L.P. bought a new position in Innovative Solutions and Support in the 3rd quarter worth approximately $155,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 buying an additional 9,888 shares in the last quarter. Finally, Gabelli Funds LLC raised its position 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 buying an additional 18,585 shares during the last quarter. 28.53% of the stock is 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.