Innovative Solutions and Support (NASDAQ:ISSC) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a hold rating in a report issued on Monday.

Innovative Solutions and Support Stock Down 2.1 %

ISSC opened at $11.42 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.77 and a quick ratio of 3.02. The stock has a market capitalization of $200.31 million, a price-to-earnings ratio of 28.55 and a beta of 1.03. The business has a 50-day moving average of $8.80 and a two-hundred day moving average of $7.52. Innovative Solutions and Support has a 12 month low of $4.91 and a 12 month high of $12.17.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings results on Thursday, December 19th. The aerospace company reported $0.21 EPS for the quarter. Innovative Solutions and Support had a return on equity of 18.32% and a net margin of 14.83%.

Insider Transactions at Innovative Solutions and Support

In other Innovative Solutions and Support news, major shareholder Christopher Harborne sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $10.16, for a total value of $101,600.00. Following the completion of the transaction, the insider now owns 2,599,769 shares in the company, valued at $26,413,653.04. This represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 185,285 shares of company stock worth $2,027,807. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Innovative Solutions and Support

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at approximately $32,000. James Investment Research Inc. acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at approximately $68,000. Corsair Capital Management L.P. acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at approximately $155,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Innovative Solutions and Support by 29.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after purchasing an additional 9,888 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Innovative Solutions and Support in the 3rd quarter valued at approximately $466,000. Hedge funds and other institutional investors 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.