Shahram Askarpour Sells 2,000 Shares of Innovative Solutions & Support Inc (NASDAQ:ISSC) Stock

Innovative Solutions & Support Inc (NASDAQ:ISSC) President Shahram Askarpour sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $6.12, for a total value of $12,240.00. Following the completion of the sale, the president now owns 6,500 shares of the company’s stock, valued at $39,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Innovative Solutions & Support stock traded up $0.23 on Friday, reaching $6.15. The company’s stock had a trading volume of 35,196 shares, compared to its average volume of 37,681. The company has a market capitalization of $104.44 million, a P/E ratio of 51.25 and a beta of 0.07. Innovative Solutions & Support Inc has a 52-week low of $2.65 and a 52-week high of $7.11. The stock has a 50-day moving average price of $5.70 and a 200-day moving average price of $5.10.

Innovative Solutions & Support (NASDAQ:ISSC) last posted its quarterly earnings data on Wednesday, December 11th. The aerospace company reported $0.06 EPS for the quarter. The business had revenue of $4.80 million during the quarter. Innovative Solutions & Support had a return on equity of 5.76% and a net margin of 11.26%.

Separately, ValuEngine upgraded Innovative Solutions & Support from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st.

Institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its position in shares of Innovative Solutions & Support by 5.8% in the third quarter. California Public Employees Retirement System now owns 108,034 shares of the aerospace company’s stock valued at $508,000 after buying an additional 5,900 shares in the last quarter. BlackRock Inc. increased its position in shares of Innovative Solutions & Support by 1.4% in the second quarter. BlackRock Inc. now owns 463,607 shares of the aerospace company’s stock valued at $2,364,000 after buying an additional 6,368 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Innovative Solutions & Support by 51.4% in the second quarter. Vanguard Group Inc. now owns 216,185 shares of the aerospace company’s stock valued at $1,103,000 after buying an additional 73,362 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Innovative Solutions & Support by 8.3% in the fourth quarter. Renaissance Technologies LLC now owns 501,642 shares of the aerospace company’s stock valued at $2,930,000 after buying an additional 38,335 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of Innovative Solutions & Support in the fourth quarter valued at approximately $1,024,000. Institutional investors and hedge funds own 24.44% of the company’s stock.

About Innovative Solutions & Support

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.

Featured Article: Stock Symbol

Receive News & Ratings for Innovative Solutions & Support Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innovative Solutions & Support and related companies with MarketBeat.com's FREE daily email newsletter.