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

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

Innovative Solutions and Support Trading Down 2.3 %

NASDAQ:ISSC opened at $6.45 on Tuesday. The company has a market cap of $112.62 million, a price-to-earnings ratio of 17.92 and a beta of 1.04. Innovative Solutions and Support has a twelve month low of $6.19 and a twelve month high of $9.00. The stock has a fifty day simple moving average of $7.19 and a 200-day simple moving average of $7.65.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.06 earnings per share for the quarter. The company had revenue of $9.31 million during the quarter. Innovative Solutions and Support had a net margin of 16.98% and a return on equity of 17.20%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new stake in shares of Innovative Solutions and Support in the 3rd quarter worth $37,000. WealthTrust Axiom LLC grew its holdings in Innovative Solutions and Support by 3.2% during the 3rd quarter. WealthTrust Axiom LLC now owns 793,105 shares of the aerospace company’s stock worth $6,028,000 after acquiring an additional 24,351 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new position in Innovative Solutions and Support during the 3rd quarter valued at about $327,000. Isthmus Partners LLC raised its holdings in shares of Innovative Solutions and Support by 46.1% in the 1st quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company’s stock valued at $1,438,000 after purchasing an additional 61,993 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in shares of Innovative Solutions and Support in the 1st quarter worth approximately $439,000. 28.53% of the stock is currently 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.