StockNews.com Upgrades Innovative Solutions and Support (NASDAQ:ISSC) to Strong-Buy

StockNews.com upgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning.

Innovative Solutions and Support Stock Performance

Innovative Solutions and Support stock opened at $6.62 on Monday. Innovative Solutions and Support has a 52 week low of $6.29 and a 52 week high of $9.00. The firm has a market capitalization of $115.59 million, a PE ratio of 18.39 and a beta of 1.04. The business’s 50-day simple moving average is $7.44 and its 200-day simple moving average is $7.69.

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

Hedge Funds Weigh In On Innovative Solutions and Support

Large investors have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. bought a new position in shares of Innovative Solutions and Support during the 1st quarter worth about $439,000. Isthmus Partners LLC grew its position in Innovative Solutions and Support by 4.4% during the fourth quarter. Isthmus Partners LLC now owns 134,511 shares of the aerospace company’s stock worth $1,147,000 after buying an additional 5,642 shares in the last quarter. Victory Capital Management Inc. bought a new position in Innovative Solutions and Support during the fourth quarter valued at about $93,000. Barclays PLC acquired a new position in Innovative Solutions and Support in the 3rd quarter valued at approximately $37,000. Finally, WealthTrust Axiom LLC lifted its position in shares of Innovative Solutions and Support by 3.2% in 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 during the period. 28.53% of the stock is currently owned by institutional investors and hedge funds.

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.