Innovative Solutions and Support (NASDAQ:ISSC) Issues Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Innovative Solutions and Support (NASDAQ:ISSC) announced its quarterly earnings data on Thursday. The aerospace company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.11), Zacks reports. Innovative Solutions and Support had a return on equity of 18.32% and a net margin of 14.83%.

Innovative Solutions and Support Trading Down 20.4 %

Innovative Solutions and Support stock traded down $2.16 during trading hours on Friday, reaching $8.43. The company had a trading volume of 385,062 shares, compared to its average volume of 245,826. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.77 and a quick ratio of 3.02. The company has a 50-day moving average price of $9.40 and a 200 day moving average price of $7.83. The firm has a market cap of $147.91 million, a price-to-earnings ratio of 21.51 and a beta of 1.03. Innovative Solutions and Support has a 12-month low of $4.91 and a 12-month high of $12.17.

Insider Activity

In other news, major shareholder Christopher Harborne sold 14,970 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $11.59, for a total transaction of $173,502.30. Following the transaction, the insider now directly owns 2,296,645 shares of the company’s stock, valued at approximately $26,618,115.55. The trade was a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 263,623 shares of company stock valued at $2,911,665. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Innovative Solutions and Support from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

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.