Innovative Solutions and Support (NASDAQ:ISSC) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $20.59 and traded as high as $20.85. Innovative Solutions and Support shares last traded at $20.74, with a volume of 163,184 shares traded.

Innovative Solutions and Support Trading Up 1.2%

The business has a fifty day moving average price of $19.36 and a 200-day moving average price of $20.59. The company has a quick ratio of 1.49, a current ratio of 2.97 and a debt-to-equity ratio of 0.63. The company has a market cap of $371.10 million, a P/E ratio of 19.75 and a beta of 0.59.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Innovative Solutions and Support in the 2nd quarter worth approximately $19,204,000. Punch & Associates Investment Management Inc. bought a new stake in shares of Innovative Solutions and Support in the 2nd quarter worth approximately $10,259,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Innovative Solutions and Support in the 2nd quarter valued at approximately $3,025,000. Man Group plc bought a new stake in shares of Innovative Solutions and Support in the 2nd quarter worth approximately $2,558,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Innovative Solutions and Support during the second quarter valued at approximately $2,532,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

Innovative Solutions and Support Company Profile

Innovative Solutions and Support, Inc (NASDAQ: ISSC) develops and manufactures avionics and related systems for the aerospace industry. Its products are designed to support aircraft navigation, flight management, cockpit displays, flight controls and other critical flight operations.

The company’s offerings include advanced cockpit display systems, integrated standby instrument systems, air data and navigation products, flight management systems, and precision flight-control technologies.