WealthTrust Axiom LLC lessened its holdings in shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC – Free Report) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 788,994 shares of the aerospace company’s stock after selling 4,111 shares during the period. Innovative Solutions and Support accounts for about 2.3% of WealthTrust Axiom LLC’s portfolio, making the stock its 9th largest position. WealthTrust Axiom LLC owned 4.52% of Innovative Solutions and Support worth $6,730,000 as of its most recent SEC filing.
Separately, Punch & Associates Investment Management Inc. acquired a new position in shares of Innovative Solutions and Support during the third quarter valued at $327,000. Institutional investors own 28.53% of the company’s stock.
Innovative Solutions and Support Stock Performance
NASDAQ:ISSC traded down $0.10 during mid-day trading on Tuesday, hitting $6.52. The company had a trading volume of 12,988 shares, compared to its average volume of 38,831. Innovative Solutions and Support, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $9.00. The business’s fifty day moving average is $7.44 and its two-hundred day moving average is $7.69. The firm has a market cap of $113.84 million, a P/E ratio of 18.39 and a beta of 1.04.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research note on Monday.
Check Out Our Latest Stock Analysis on Innovative Solutions and Support
Innovative Solutions and Support 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.
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