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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.71 and traded as high as $7.80. Innovative Solutions and Support shares last traded at $7.63, with a volume of 15,070 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 27th.

Innovative Solutions and Support Trading Up 0.1 %

The company has a 50-day moving average of $7.45 and a 200-day moving average of $6.73. The company has a market capitalization of $133.70 million, a price-to-earnings ratio of 20.65 and a beta of 1.06.

Institutional Trading of Innovative Solutions and Support

Several large investors have recently made changes to their positions in the business. Barclays PLC purchased a new position in shares of Innovative Solutions and Support during the 3rd quarter valued at about $32,000. Corsair Capital Management L.P. purchased a new position in Innovative Solutions and Support during the third quarter valued at approximately $155,000. Pekin Hardy Strauss Inc. purchased a new position in Innovative Solutions and Support during the third quarter valued at approximately $466,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Innovative Solutions and Support by 29.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after acquiring an additional 9,888 shares during the period. Finally, James Investment Research Inc. acquired a new stake in shares of Innovative Solutions and Support during the 3rd quarter worth approximately $68,000. 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.