Innovative Solutions & Support (ISSC) Reaches New 52-Week High at $4.72

Innovative Solutions & Support Inc (NASDAQ:ISSC) reached a new 52-week high on Wednesday . The company traded as high as $4.72 and last traded at $4.58, with a volume of 11064 shares. The stock had previously closed at $4.34.

Separately, TheStreet raised Innovative Solutions & Support from a “d+” rating to a “c” rating in a research note on Thursday, May 9th.

Innovative Solutions & Support (NASDAQ:ISSC) last issued its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Innovative Solutions & Support had a negative net margin of 7.31% and a negative return on equity of 3.24%. The company had revenue of $4.20 million during the quarter.

Hedge funds have recently modified their holdings of the stock. Douglas Lane & Associates LLC bought a new position in shares of Innovative Solutions & Support in the 4th quarter valued at approximately $28,000. Ingalls & Snyder LLC raised its stake in shares of Innovative Solutions & Support by 2.5% in the 4th quarter. Ingalls & Snyder LLC now owns 386,699 shares of the aerospace company’s stock valued at $874,000 after acquiring an additional 9,428 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Innovative Solutions & Support by 1.5% in the 1st quarter. Renaissance Technologies LLC now owns 403,787 shares of the aerospace company’s stock valued at $1,215,000 after acquiring an additional 5,913 shares in the last quarter. Finally, WealthTrust Axiom LLC raised its stake in shares of Innovative Solutions & Support by 0.5% in the 1st quarter. WealthTrust Axiom LLC now owns 1,417,199 shares of the aerospace company’s stock valued at $4,265,000 after acquiring an additional 7,025 shares in the last quarter. 23.78% of the stock is currently owned by institutional investors and hedge funds.

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Innovative Solutions & Support Company Profile (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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