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

Equities research analysts at StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Issuer Direct Trading Down 0.9 %

Shares of ISDR stock opened at $8.77 on Friday. Issuer Direct has a 1-year low of $7.61 and a 1-year high of $19.03. The company has a market cap of $33.62 million, a price-to-earnings ratio of -25.06 and a beta of 0.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a 50 day simple moving average of $9.81 and a 200-day simple moving average of $9.69.

Institutional Investors Weigh In On Issuer Direct

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC acquired a new position in shares of Issuer Direct Co. (NYSE:ISDR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned approximately 1.08% of Issuer Direct as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 50.02% 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.