StockNews.com Initiates Coverage on Issuer Direct (NYSE:ISDR)

Stock analysts at StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a report issued on Monday. The firm set a “hold” rating on the stock.

Issuer Direct Stock Performance

Shares of ISDR stock opened at $10.26 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50-day moving average of $10.28 and a 200-day moving average of $10.14. Issuer Direct has a one year low of $7.61 and a one year high of $19.03. The company has a market cap of $39.30 million, a P/E ratio of -64.13 and a beta of 0.74.

Issuer Direct (NYSE:ISDR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Issuer Direct had a negative net margin of 1.97% and a positive return on equity of 5.86%. The firm had revenue of $7.69 million during the quarter, compared to analyst estimates of $7.62 million. Equities research analysts forecast that Issuer Direct will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Topline Capital Partners, Lp acquired 4,114 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average price of $9.76 per share, for a total transaction of $40,152.64. Following the completion of the acquisition, the insider now owns 709,264 shares of the company’s stock, valued at approximately $6,922,416.64. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Topline Capital Management, Ll acquired 19,826 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average price of $9.65 per share, with a total value of $191,320.90. Following the acquisition, the insider now owns 705,150 shares in the company, valued at $6,804,697.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Topline Capital Partners, Lp acquired 4,114 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were acquired at an average cost of $9.76 per share, for a total transaction of $40,152.64. Following the completion of the acquisition, the insider now owns 709,264 shares of the company’s stock, valued at approximately $6,922,416.64. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 26.85% of the company’s stock.

About Issuer Direct

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.