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

StockNews.com initiated coverage on shares of Issuer Direct (NYSE:ISDR) in a research note published on Sunday morning. The brokerage issued a hold rating on the stock.

Issuer Direct Trading Down 0.9 %

Shares of NYSE:ISDR opened at $8.77 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $9.81 and a two-hundred day moving average of $9.69. Issuer Direct has a 12-month low of $7.61 and a 12-month high of $19.03. The company has a market capitalization of $33.62 million, a PE ratio of -25.06 and a beta of 0.74.

Institutional Trading of Issuer Direct

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC bought a new stake in Issuer Direct Co. (NYSE:ISDR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned approximately 1.07% of Issuer Direct at the end of the most recent reporting period. 50.02% of the stock is currently owned by hedge funds and other institutional investors.

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.