Innovative Solutions and Support (NASDAQ:ISSC) Stock Rating Lowered by StockNews.com

Innovative Solutions and Support (NASDAQ:ISSC) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Innovative Solutions and Support Trading Down 2.4 %

Shares of Innovative Solutions and Support stock opened at $8.49 on Friday. The company has a 50 day moving average of $7.79 and a 200-day moving average of $6.94. The company has a market cap of $148.88 million, a PE ratio of 22.95 and a beta of 1.00. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $8.97.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share for the quarter. Innovative Solutions and Support had a return on equity of 16.62% and a net margin of 14.40%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after purchasing an additional 8,760 shares during the last quarter. Gabelli Funds LLC lifted its stake in Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after purchasing an additional 18,585 shares during the last quarter. James Investment Research Inc. acquired a new stake in Innovative Solutions and Support in the third quarter valued at approximately $68,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Innovative Solutions and Support by 29.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock worth $287,000 after buying an additional 9,888 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Innovative Solutions and Support during the third quarter worth $466,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

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.