Innovative Solutions and Support (NASDAQ:ISSC) Posts Earnings Results

Innovative Solutions and Support (NASDAQ:ISSC) released its quarterly earnings results on Thursday. The aerospace company reported $0.21 earnings per share for the quarter, Zacks reports. Innovative Solutions and Support had a return on equity of 16.62% and a net margin of 14.40%.

Innovative Solutions and Support Price Performance

Shares of NASDAQ:ISSC traded up $0.10 on Thursday, hitting $7.50. 55,789 shares of the company’s stock were exchanged, compared to its average volume of 44,936. The business’s 50 day simple moving average is $7.50 and its two-hundred day simple moving average is $6.76. Innovative Solutions and Support has a 12 month low of $4.91 and a 12 month high of $9.00. The stock has a market capitalization of $131.25 million, a price-to-earnings ratio of 20.27 and a beta of 1.06.

Analysts Set New Price Targets

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

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.