The stock of Innovative Solutions & Support Inc (NASDAQ:ISSC) hit a new 52-week high and has $6.14 target or 80.00% above today’s $3.41 share price. The 6 months bullish chart indicates low risk for the $68.48 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $6.14 price target is reached, the company will be worth $54.78 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.65% or $0.12 on November 17, hitting $3.41. About 22,620 shares traded hands or 16.05% up from the average. Innovative Solutions & Support Inc (NASDAQ:ISSC) has risen 22.30% since April 15, 2016 and is uptrending. It has outperformed by 17.68% the S&P500.
Analysts await Innovative Solutions & Support Inc (NASDAQ:ISSC) to report earnings on December, 21.
According to Zacks Investment Research, “Innovative Solutions and Support, Inc. designs, manufactures and sells flight avionics products, which are electronic instruments used in the operation of aircraft, to the military and government, commercial air transport and corporate aviation markets primarily to upgrade, or retrofit, aircraft currently in use. The company’s products include flight information computers, electronic displays and advanced monitoring systems that measure and display critical flight information, including air data, such as airspeed and altitude, and engine and fuel data.”
Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.64, from 0.5 in 2016Q1. The ratio is positive, as 1 funds sold all Innovative Solutions & Support Inc shares owned while 6 reduced positions. 4 funds bought stakes while 4 increased positions. They now own 4.74 million shares or 1.80% less from 4.83 million shares in 2016Q1.
Vanguard Group has 0% invested in the company for 413,838 shares. Tower Rech Cap Limited Liability Company (Trc), a New York-based fund reported 549 shares. The California-based Wells Fargo And Mn has invested 0% in Innovative Solutions & Support Inc (NASDAQ:ISSC). Spark Invest Mngmt Lc owns 20,500 shares or 0.01% of their US portfolio. Manufacturers Life Insurance Company The accumulated 0% or 95 shares. Central Square Mngmt Limited Liability Co last reported 603,813 shares in the company. Bridgeway Capital Mngmt Inc has 132,354 shares for 0.01% of their US portfolio. Northern Trust, a Illinois-based fund reported 29,964 shares. Wealthtrust Axiom Limited Company holds 1.77% of its portfolio in Innovative Solutions & Support Inc (NASDAQ:ISSC) for 1.63 million shares. California Employees Retirement System reported 102,134 shares or 0% of all its holdings. Dimensional Fund Advsrs Lp has 0% invested in the company for 380,788 shares. Moreover, Blackrock Fund Advsrs has 0% invested in Innovative Solutions & Support Inc (NASDAQ:ISSC) for 37,095 shares. Blackrock Institutional Tru Na has invested 0% of its portfolio in Innovative Solutions & Support Inc (NASDAQ:ISSC). Financial Bank Of Ny Mellon holds 0% or 25,157 shares in its portfolio. Gabelli Funds Ltd holds 0% of its portfolio in Innovative Solutions & Support Inc (NASDAQ:ISSC) for 20,000 shares.
Another recent and important Innovative Solutions & Support Inc (NASDAQ:ISSC) news was published by Businesswire.com which published an article titled: “Innovative Solutions & Support, Inc. Announces Third Quarter Fiscal 2016 …” on August 10, 2016.
ISSC Company Profile
Innovative Solutions and Support, Inc. (IS&S), incorporated on February 12, 1988, is a systems integrator that designs, develops, makes, sells and services air data equipment, engine display systems, standby equipment, primary flight guidance and cockpit display systems for retrofit applications and original equipment manufacturers (OEMs). It offers products, such as Flat Panel Display Systems (FPDS), Flight Management Systems (FMS), Integrated Standby Units (ISU), Air Data Systems and Components, Engine and Fuel Displays, and Integrated Global Navigation System (IGNS). The Firm serves various OEMS; commercial air transport carriers and corporate/general aviation companies; the United States Department of Defense (DoD) and its commercial contractors; aircraft operators; aircraft modification centers, and foreign militaries. It also sells its products to agencies of the United States and foreign governments.
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