Innovative Solutions and Support (NASDAQ:ISSC) Downgraded by StockNews.com to “Buy”

Innovative Solutions and Support (NASDAQ:ISSC) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Innovative Solutions and Support Stock Up 0.7 %

Shares of Innovative Solutions and Support stock opened at $8.70 on Friday. The firm has a market cap of $152.56 million, a PE ratio of 23.51 and a beta of 1.00. The company’s fifty day simple moving average is $7.79 and its two-hundred day simple moving average is $6.93. Innovative Solutions and Support has a 12-month low of $4.91 and a 12-month high of $8.97.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share (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 stock. Pekin Hardy Strauss Inc. bought a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at about $466,000. Corsair Capital Management L.P. purchased a new stake in Innovative Solutions and Support in the third quarter worth about $155,000. Gabelli Funds LLC boosted its position in Innovative Solutions and Support by 42.2% during the 2nd 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 in the last quarter. James Investment Research Inc. purchased a new position in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $68,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 worth $287,000 after acquiring an additional 9,888 shares during the period. 28.53% of the stock is owned by hedge funds and other 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.