Innovative Solutions and Support (NASDAQ:ISSC) Downgraded by StockNews.com

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

Innovative Solutions and Support Stock Performance

Shares of NASDAQ ISSC opened at $6.39 on Thursday. Innovative Solutions and Support has a 1 year low of $4.91 and a 1 year high of $9.00. The firm has a market cap of $111.76 million, a P/E ratio of 17.75 and a beta of 1.04. The stock has a fifty day moving average price of $6.59 and a two-hundred day moving average price of $7.50.

Hedge Funds Weigh In On Innovative Solutions and Support

Several large investors have recently made changes to their positions in ISSC. Quadrature Capital Ltd acquired a new stake in Innovative Solutions and Support during the first quarter valued at approximately $117,000. Isthmus Partners LLC boosted its stake in shares of Innovative Solutions and Support by 46.1% during the 1st quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company’s stock worth $1,438,000 after acquiring an additional 61,993 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of Innovative Solutions and Support during the 1st quarter worth $439,000. Victory Capital Management Inc. acquired a new position in shares of Innovative Solutions and Support in the 4th quarter worth $93,000. Finally, Barclays PLC acquired a new stake in shares of Innovative Solutions and Support during the third quarter worth $37,000. Institutional investors own 28.53% of the company’s stock.

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.