Innovative Solutions and Support (NASDAQ:IA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Innovative Solutions and Support (NASDAQ:IA) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other equities research analysts have also recently commented on the company. Zacks Research raised Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Weiss Ratings assumed coverage on Innovative Solutions and Support in a report on Wednesday, August 19th. They set a “hold (c+)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Innovative Solutions and Support Stock Down 2.4%

IA stock opened at $20.94 on Friday. Innovative Solutions and Support has a twelve month low of $8.13 and a twelve month high of $30.94. 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 company has a market cap of $374.83 million, a P/E ratio of 18.19 and a beta of 0.59.

Hedge Funds Weigh In On Innovative Solutions and Support

An institutional investor recently bought a new position in Innovative Solutions and Support stock. California State Teachers Retirement System acquired a new stake in Innovative Solutions and Support, Inc. (NASDAQ:IA) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,672 shares of the company’s stock, valued at approximately $66,000. 28.53% of the stock is owned by institutional investors and hedge funds.

About Innovative Solutions and Support

Innovative Solutions and Support, Inc (NASDAQ: IA) is an aerospace and defense technology company that develops, manufactures and supports avionics and cockpit systems. Its products are designed to provide flight crews with navigation, display, air-data and aircraft-control capabilities.

The company’s product portfolio includes integrated cockpit systems, flight management systems, flat-panel and electronic flight instrument displays, air-data computers, integrated standby instruments, GPS-based navigation equipment and cockpit control panels.