Innovative Solutions and Support (NASDAQ:ISSC) Rating Lowered to Buy at StockNews.com

StockNews.com lowered shares of Innovative Solutions and Support (NASDAQ:ISSC) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.

Innovative Solutions and Support Price Performance

Shares of NASDAQ:ISSC opened at $6.39 on Thursday. The company’s 50-day moving average price is $6.59 and its two-hundred day moving average price is $7.51. Innovative Solutions and Support has a one year low of $4.91 and a one year high of $9.00. The stock has a market capitalization of $111.76 million, a PE ratio of 17.75 and a beta of 1.04.

Institutional Trading of Innovative Solutions and Support

Several institutional investors and hedge funds have recently bought and sold shares of ISSC. Barclays PLC acquired a new position in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $37,000. Isthmus Partners LLC grew its stake in shares of Innovative Solutions and Support by 4.4% in the fourth quarter. Isthmus Partners LLC now owns 134,511 shares of the aerospace company’s stock valued at $1,147,000 after buying an additional 5,642 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Innovative Solutions and Support in the fourth quarter valued at $93,000. Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support during the first quarter worth $117,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Innovative Solutions and Support during the first quarter worth $439,000. 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.