Innovative Solutions and Support (NASDAQ:ISSC) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Innovative Solutions and Support (NASDAQ:ISSC) from a buy rating to a hold rating in a report published on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Innovative Solutions and Support in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Innovative Solutions and Support has a consensus rating of “Buy”.

Innovative Solutions and Support Price Performance

Shares of ISSC traded down $0.02 during midday trading on Friday, hitting $8.83. 186,086 shares of the company traded hands, compared to its average volume of 354,694. The stock has a market cap of $155.73 million, a price-to-earnings ratio of 13.38 and a beta of 0.77. The firm has a 50 day moving average of $11.19 and a 200-day moving average of $12.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.69 and a current ratio of 3.53. Innovative Solutions and Support has a 52 week low of $5.30 and a 52 week high of $20.00.

Innovative Solutions and Support (NASDAQ:ISSC) last issued its earnings results on Thursday, August 14th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $24.15 million during the quarter, compared to the consensus estimate of $19.20 million. Innovative Solutions and Support had a return on equity of 23.86% and a net margin of 15.10%.

Institutional Trading of Innovative Solutions and Support

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. bought a new position in shares of Innovative Solutions and Support during the first quarter valued at approximately $64,000. Matauro LLC purchased a new position in Innovative Solutions and Support during the 3rd quarter valued at $125,000. Algert Global LLC bought a new position in Innovative Solutions and Support in the 1st quarter valued at $152,000. Meixler Investment Management Ltd. grew its position in Innovative Solutions and Support by 10.1% in the 3rd quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock valued at $210,000 after acquiring an additional 1,550 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in Innovative Solutions and Support by 12.4% in the second quarter. J.W. Cole Advisors Inc. now owns 15,360 shares of the aerospace company’s stock worth $213,000 after purchasing an additional 1,700 shares during the period. 28.53% of the stock is owned by hedge funds and other institutional investors.

Innovative Solutions and Support Company Profile

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.