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

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

Issuer Direct Stock Performance

Shares of ISDR opened at $10.00 on Wednesday. The firm has a market capitalization of $38.30 million, a PE ratio of -28.57 and a beta of 0.77. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.37. Issuer Direct has a 52-week low of $7.61 and a 52-week high of $19.03. The firm has a 50-day moving average price of $10.32 and a 200 day moving average price of $9.72.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC bought a new stake in shares of Issuer Direct Co. (NYSE:ISDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned about 1.08% of Issuer Direct at the end of the most recent reporting period. 50.02% of the stock is owned by institutional investors and hedge funds.

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.