Issuer Direct (NYSE:ISDR) Coverage Initiated at StockNews.com

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

Issuer Direct Price Performance

NYSE:ISDR opened at $9.46 on Wednesday. The company has a market cap of $36.21 million, a P/E ratio of -27.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.80 and a quick ratio of 0.80. Issuer Direct has a one year low of $7.61 and a one year high of $16.92. The firm’s fifty day moving average price is $9.37 and its two-hundred day moving average price is $9.75.

Institutional Investors Weigh In On Issuer Direct

A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. boosted its position in shares of Issuer Direct Co. (NYSE:ISDR) by 14.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,805 shares of the company’s stock after buying an additional 16,620 shares during the period. Bard Associates Inc. owned approximately 3.49% of Issuer Direct worth $1,599,000 at the end of the most recent quarter. 50.02% of the stock is currently owned by institutional investors and hedge funds.

Issuer Direct Company Profile

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.