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

Equities research analysts at StockNews.com initiated coverage on shares of Issuer Direct (NYSE:ISDR) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

Issuer Direct Stock Down 0.2 %

ISDR stock opened at $9.14 on Friday. The business’s 50-day moving average price is $10.00 and its 200-day moving average price is $9.70. The stock has a market cap of $35.04 million, a P/E ratio of -26.11 and a beta of 0.74. 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 twelve month low of $7.61 and a twelve month high of $19.03.

Institutional Investors Weigh In On Issuer Direct

An institutional investor recently raised its position in Issuer Direct stock. Bard Associates Inc. grew its holdings in Issuer Direct Co. (NYSE:ISDR) by 14.2% in the third quarter, according to its most recent filing 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 as of its most recent filing with the Securities & Exchange Commission. 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.