Innovative Solutions and Support (NASDAQ:ISSC) Stock Price Breaks Above 200 Day Moving Average – Should You Sell?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC)’s stock price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $19.35 and traded as high as $20.28. Innovative Solutions and Support shares last traded at $19.90, with a volume of 355,256 shares trading hands.

Innovative Solutions and Support Stock Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 2.97 and a quick ratio of 1.49. The stock has a 50-day moving average price of $19.67 and a 200-day moving average price of $19.31. The company has a market capitalization of $355.00 million, a price-to-earnings ratio of 18.90 and a beta of 0.59.

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

Hedge Funds Weigh In On Innovative Solutions and Support

Large investors have recently modified their holdings of the stock. Penn Capital Management Company LLC acquired a new stake in shares of Innovative Solutions and Support during the 2nd quarter worth about $781,000. Empowered Funds LLC acquired a new position in Innovative Solutions and Support in the 2nd quarter valued at about $200,000. Punch & Associates Investment Management Inc. bought a new position in Innovative Solutions and Support in the 2nd quarter valued at about $10,259,000. Bank of America Corp DE bought a new position in Innovative Solutions and Support in the 2nd quarter valued at about $215,000. Finally, Man Group plc acquired a new stake in Innovative Solutions and Support during the second quarter worth approximately $2,558,000. 28.53% of the stock is owned by institutional investors.

Innovative Solutions and Support Company Profile

Innovative Solutions and Support, Inc (NASDAQ: ISSC) designs, develops and manufactures cockpit systems and avionics for military and commercial aircraft. Its products are intended to improve flight-deck functionality, situational awareness and aircraft operating efficiency.

The company’s product portfolio includes advanced flat-panel primary flight displays, integrated standby instruments, multifunction displays, cockpit control panels, digital interface units and autothrottle systems.