Innovative Solutions and Support (NASDAQ:ISSC) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $20.56 and traded as high as $21.76. Innovative Solutions and Support shares last traded at $21.30, with a volume of 267,418 shares changing hands.

Innovative Solutions and Support Stock Up 2.9%

The firm has a market capitalization of $396.60 million, a P/E ratio of 21.11 and a beta of 0.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.49 and a current ratio of 2.97. The business’s fifty day moving average price is $19.36 and its two-hundred day moving average price is $20.57.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, August 13th. The aerospace company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. Innovative Solutions and Support had a net margin of 20.50% and a return on equity of 30.53%. The firm had revenue of $26.73 million during the quarter, compared to analyst estimates of $23.98 million. Equities analysts expect that Innovative Solutions and Support, Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Trading of Innovative Solutions and Support

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc acquired a new stake in shares of Innovative Solutions and Support in the 2nd quarter worth $26,000. Royal Bank of Canada grew its stake in Innovative Solutions and Support by 496.6% during the 1st quarter. Royal Bank of Canada now owns 7,619 shares of the aerospace company’s stock worth $156,000 after buying an additional 6,342 shares during the last quarter. State of Wyoming acquired a new position in Innovative Solutions and Support during the 2nd quarter valued at about $159,000. Empowered Funds LLC acquired a new position in Innovative Solutions and Support during the 2nd quarter valued at about $200,000. Finally, Bank of America Corp DE purchased a new stake in Innovative Solutions and Support in the second quarter valued at about $215,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Company Profile

Innovative Solutions and Support, Inc. (NASDAQ: ISSC) designs, develops, manufactures and supports avionics systems for commercial, business and military aircraft. Its products include cockpit display and flight guidance systems, air data computers, and engine indication and crew alerting systems. The company serves both new aircraft programs and operators seeking to modernize or upgrade existing aircraft. Its systems are used in a range of aircraft platforms, and ISSC supports customers in markets around the world.