Innovative Solutions and Support (NASDAQ:ISSC) Shares Cross Above 200-Day Moving Average – Here’s Why

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.99 and traded as high as $21.2840. Innovative Solutions and Support shares last traded at $20.94, with a volume of 227,883 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ISSC. Weiss Ratings downgraded Innovative Solutions and Support from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Zacks Research cut Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Wall Street Zen downgraded Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $16.25.

Innovative Solutions and Support Stock Up 1.0%

The company’s 50-day moving average is $19.40 and its 200 day moving average is $21.02. The stock has a market capitalization of $387.74 million, a PE ratio of 20.64 and a beta of 0.59. The company has a current ratio of 2.97, a quick ratio of 1.49 and a debt-to-equity ratio of 0.63.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Thursday, August 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $26.73 million for the quarter, compared to the consensus estimate of $23.98 million. Innovative Solutions and Support had a net margin of 20.50% and a return on equity of 30.53%. As a group, analysts anticipate that Innovative Solutions and Support, Inc. will post 0.97 EPS for the current year.

Hedge Funds Weigh In On Innovative Solutions and Support

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in Innovative Solutions and Support during the 2nd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Innovative Solutions and Support by 7,484.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 1,422 shares during the period. Global Retirement Partners LLC purchased a new stake in Innovative Solutions and Support in the fourth quarter valued at approximately $36,000. Bank of America Corp DE boosted its position in Innovative Solutions and Support by 589.9% in the third quarter. Bank of America Corp DE now owns 9,113 shares of the aerospace company’s stock valued at $114,000 after buying an additional 7,792 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Innovative Solutions and Support by 496.6% in the first quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock valued at $156,000 after buying an additional 6,342 shares during the last quarter. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Company Profile

Innovative Solutions and Support, Inc (NASDAQ: ISSC) is a provider of technology solutions and mission support services to U.S. federal government agencies, with a focus on defense, intelligence, and national security programs. The company delivers integrated program management, systems engineering, and advanced IT infrastructure support designed to enhance operational readiness and maintain secure, scalable environments for mission-critical operations.

Its core service offerings include systems integration, custom software development, data analytics, cybersecurity, and logistics management.