Innovative Solutions & Support (NASDAQ:ISSC) Share Price Crosses Above 50-Day Moving Average of $4.52
Innovative Solutions & Support Inc (NASDAQ:ISSC)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.52 and traded as high as $4.69. Innovative Solutions & Support shares last traded at $4.68, with a volume of 2,564 shares trading hands.
A number of brokerages recently weighed in on ISSC. ValuEngine downgraded shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th. TheStreet downgraded shares of Trade Desk from a “b-” rating to a “c-” rating in a research report on Thursday, May 9th.
The stock has a 50 day moving average of $4.52.
In other news, Director Glen R. Bressner sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $4.64, for a total transaction of $111,360.00. Following the completion of the transaction, the director now directly owns 106,498 shares of the company’s stock, valued at approximately $494,150.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 27.70% of the stock is owned by company insiders.
A hedge fund recently raised its stake in Innovative Solutions & Support stock. WealthTrust Axiom LLC raised its holdings in shares of Innovative Solutions & Support Inc (NASDAQ:ISSC) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,417,199 shares of the aerospace company’s stock after acquiring an additional 7,025 shares during the quarter. Innovative Solutions & Support makes up approximately 1.5% of WealthTrust Axiom LLC’s holdings, making the stock its 17th biggest position. WealthTrust Axiom LLC owned approximately 8.38% of Innovative Solutions & Support worth $4,265,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.87% of the company’s stock.
About Innovative Solutions & Support (NASDAQ:ISSC)
Innovative Solutions and Support, Inc, a systems integrator, designs, manufactures, sells, and services flight guidance and cockpit display systems. It offers flat panel display systems that could replicate the display of analog or digital displays on one screen and could replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; flight management systems that complement the IS&S flat panel display system upgrade for commercial air transport aircraft; and integrated standby units, which incorporate the measurement and display of attitude, altitude, airspeed, and navigation data into a single standby/backup navigation instrument for military, commercial air transport, and corporate/general aviation applications.
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