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

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

Issuer Direct Trading Up 2.0 %

NYSE:ISDR opened at $9.79 on Friday. The stock has a market cap of $37.53 million, a price-to-earnings ratio of -27.97 and a beta of 0.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 0.80. Issuer Direct has a 1 year low of $7.61 and a 1 year high of $19.03. The business has a fifty day moving average of $10.08 and a 200-day moving average of $9.71.

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 bought a new position in Issuer Direct Co. (NYSE:ISDR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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. Institutional investors and hedge funds own 50.02% of the company’s stock.

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.