Innovative Solutions & Support Inc (NASDAQ:ISSC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.24 and traded as high as $4.35. Innovative Solutions & Support shares last traded at $4.35, with a volume of 679 shares traded.

Separately, ValuEngine downgraded shares of Innovative Solutions & Support from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.

The business’s fifty day moving average price is $5.14 and its 200 day moving average price is $4.24. The company has a market capitalization of $75.16 million, a P/E ratio of 148.17 and a beta of -0.22.

Innovative Solutions & Support (NASDAQ:ISSC) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $4.59 million for the quarter. Innovative Solutions & Support had a return on equity of 1.27% and a net margin of 2.67%.

In related news, Director Robert E. Mittelstaedt, Jr. sold 14,133 shares of Innovative Solutions & Support stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $5.08, for a total transaction of $71,795.64. Following the completion of the transaction, the director now directly owns 209,525 shares of the company’s stock, valued at approximately $1,064,387. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 27.70% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Innovative Solutions & Support by 1.4% during the 2nd quarter. BlackRock Inc. now owns 463,607 shares of the aerospace company’s stock valued at $2,364,000 after purchasing an additional 6,368 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Innovative Solutions & Support by 4.7% during the 2nd quarter. Renaissance Technologies LLC now owns 422,776 shares of the aerospace company’s stock valued at $2,156,000 after purchasing an additional 18,989 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Innovative Solutions & Support by 51.4% during the 2nd quarter. Vanguard Group Inc. now owns 216,185 shares of the aerospace company’s stock valued at $1,103,000 after purchasing an additional 73,362 shares during the last quarter. 24.09% of the stock is owned by hedge funds and other institutional investors.

About Innovative Solutions & Support (NASDAQ:ISSC)

Innovative Solutions and Support, Inc, a systems integrator, designs, manufactures, sells, and services flight guidance and cockpit display systems. It offers flat panel display systems that could replicate the display of analog or digital displays on one screen and could replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; flight management systems that complement the IS&S flat panel display system upgrade for commercial air transport aircraft; and integrated standby units, which incorporate the measurement and display of attitude, altitude, airspeed, and navigation data into a single standby/backup navigation instrument for military, commercial air transport, and corporate/general aviation applications.

Read More: What is meant by buying and selling pressure?

Receive News & Ratings for Innovative Solutions & Support Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innovative Solutions & Support and related companies with MarketBeat.com's FREE daily email newsletter.