Innovative Solutions and Support (NASDAQ:ISSC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.24 and traded as high as $30.92. Innovative Solutions and Support shares last traded at $29.96, with a volume of 643,809 shares traded.

Analyst Ratings Changes

ISSC has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Innovative Solutions and Support from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Craig Hallum began coverage on Innovative Solutions and Support in a report on Friday, December 5th. They set a “buy” rating and a $16.00 target price on the stock. Weiss Ratings raised Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. JonesTrading raised Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Finally, Zacks Research upgraded Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Four investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and an average price target of $16.25.

Innovative Solutions and Support Stock Up 4.5%

The company has a current ratio of 2.96, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average price is $23.75 and its 200-day moving average price is $16.24. The company has a market cap of $532.69 million, a P/E ratio of 28.53 and a beta of 0.57.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, February 12th. The aerospace company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. The business had revenue of $21.81 million during the quarter, compared to analyst estimates of $18.82 million. Innovative Solutions and Support had a return on equity of 30.44% and a net margin of 21.02%.

Hedge Funds Weigh In On Innovative Solutions and Support

A number of institutional investors have recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new stake in Innovative Solutions and Support in the 3rd quarter valued at $807,000. Navellier & Associates Inc. acquired a new position in Innovative Solutions and Support during the third quarter worth $1,148,000. Palisades Investment Partners LLC acquired a new position in Innovative Solutions and Support during the third quarter worth $2,927,000. WINTON GROUP Ltd bought a new position in shares of Innovative Solutions and Support in the third quarter valued at $1,122,000. Finally, Teton Advisors LLC bought a new position in shares of Innovative Solutions and Support in the third quarter valued at $1,707,000. 28.53% of the stock is owned by institutional investors and hedge funds.

About Innovative Solutions and Support

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.