Weiss Ratings Reiterates “Hold (C+)” Rating for Innovative Solutions and Support (NASDAQ:ISSC)

Innovative Solutions and Support (NASDAQ:ISSC)‘s stock had its “hold (c+)” rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Innovative Solutions and Support Trading Down 3.4%

Innovative Solutions and Support stock opened at $12.01 on Wednesday. The firm has a 50 day simple moving average of $13.38 and a 200-day simple moving average of $11.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.53 and a quick ratio of 1.69. The stock has a market capitalization of $211.71 million, a PE ratio of 18.20 and a beta of 0.82. Innovative Solutions and Support has a 12-month low of $5.30 and a 12-month high of $20.00.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, August 14th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $24.15 million during the quarter, compared to the consensus estimate of $19.20 million. Innovative Solutions and Support had a net margin of 15.10% and a return on equity of 23.86%.

Institutional Trading of Innovative Solutions and Support

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Innovative Solutions and Support by 0.6% during the second quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock valued at $1,711,000 after purchasing an additional 725 shares during the last quarter. Isthmus Partners LLC lifted its position in shares of Innovative Solutions and Support by 0.8% in the 1st quarter. Isthmus Partners LLC now owns 192,048 shares of the aerospace company’s stock valued at $1,208,000 after acquiring an additional 1,588 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Innovative Solutions and Support by 12.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,360 shares of the aerospace company’s stock valued at $213,000 after acquiring an additional 1,700 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Innovative Solutions and Support by 4.0% in the 1st quarter. HighTower Advisors LLC now owns 48,987 shares of the aerospace company’s stock valued at $308,000 after acquiring an additional 1,880 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Innovative Solutions and Support by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 12,386 shares of the aerospace company’s stock valued at $172,000 after acquiring an additional 2,228 shares in the last quarter. 28.53% of the stock is 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.