Innovative Solutions and Support (NASDAQ:ISSC) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.39 and traded as high as $7.20. Innovative Solutions and Support shares last traded at $7.19, with a volume of 16,008 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Innovative Solutions and Support Trading Down 0.1 %

The company has a market cap of $125.78 million, a price-to-earnings ratio of 19.97 and a beta of 1.07. The stock has a 50 day moving average price of $6.82 and a two-hundred day moving average price of $6.40.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Friday, August 9th. The aerospace company reported $0.11 earnings per share for the quarter. Innovative Solutions and Support had a return on equity of 16.62% and a net margin of 14.40%. The firm had revenue of $11.77 million for the quarter.

Insider Buying and Selling

In other news, Director Glen R. Bressner bought 4,000 shares of the stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $6.83 per share, with a total value of $27,320.00. Following the completion of the purchase, the director now owns 128,201 shares of the company’s stock, valued at approximately $875,612.83. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Innovative Solutions and Support news, Director Glen R. Bressner acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of $6.53 per share, for a total transaction of $32,650.00. Following the transaction, the director now owns 123,201 shares of the company’s stock, valued at $804,502.53. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glen R. Bressner bought 4,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $6.83 per share, with a total value of $27,320.00. Following the completion of the purchase, the director now owns 128,201 shares in the company, valued at $875,612.83. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ISSC. Gabelli Funds LLC lifted its holdings in shares of Innovative Solutions and Support by 42.2% in the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after purchasing an additional 18,585 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after acquiring an additional 8,760 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support during the 1st quarter worth approximately $117,000. Finally, Isthmus Partners LLC boosted its position in 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 during the last quarter. Institutional investors and hedge funds 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.