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

StockNews.com lowered shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a hold rating in a report published on Tuesday morning.

Innovative Solutions and Support Trading Up 5.4%

NASDAQ ISSC opened at $7.41 on Tuesday. The company’s 50-day moving average price is $6.49 and its 200-day moving average price is $7.83. The company has a current ratio of 5.22, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55. The stock has a market cap of $130.01 million, a PE ratio of 19.50 and a beta of 0.69. 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, February 13th. The aerospace company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). The company had revenue of $15.97 million during the quarter. Innovative Solutions and Support had a return on equity of 16.80% and a net margin of 12.40%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC bought a new position in Innovative Solutions and Support during the 3rd quarter worth about $32,000. American Century Companies Inc. bought a new position in Innovative Solutions and Support during the 1st quarter worth about $64,000. Schonfeld Strategic Advisors LLC bought a new position in Innovative Solutions and Support during the 4th quarter worth about $89,000. Arrowstreet Capital Limited Partnership bought a new position in Innovative Solutions and Support during the 4th quarter worth about $107,000. Finally, Sterneck Capital Management LLC bought a new position in Innovative Solutions and Support during the 1st quarter worth about $112,000. 28.53% of the stock is currently owned by institutional investors.

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.