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 released on Saturday.

Innovative Solutions and Support Price Performance

Shares of NASDAQ ISSC opened at $8.75 on Friday. The business has a fifty day moving average price of $7.65 and a two-hundred day moving average price of $6.85. The stock has a market capitalization of $153.13 million, a PE ratio of 23.65 and a beta of 1.06. Innovative Solutions and Support has a fifty-two week low of $4.91 and a fifty-two week high of $8.97.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in Innovative Solutions and Support during the third quarter worth $32,000. James Investment Research Inc. acquired a new position in shares of Innovative Solutions and Support during the 3rd quarter worth $68,000. Corsair Capital Management L.P. bought a new stake in shares of Innovative Solutions and Support during the 3rd quarter worth $155,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Innovative Solutions and Support by 29.0% in the third 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 grew its position in 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 acquiring 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.