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

Investment analysts at StockNews.com initiated coverage on shares of Issuer Direct (NYSE:ISDR) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Issuer Direct Price Performance

The business’s fifty day moving average is $9.36 and its two-hundred day moving average is $9.78. The stock has a market capitalization of $35.35 million, a price-to-earnings ratio of 20.49 and a beta of 0.77. 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 twelve month low of $7.61 and a twelve month high of $13.55.

Hedge Funds Weigh In On Issuer Direct

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC purchased a new position in shares of Issuer Direct Co. (NYSE:ISDR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned approximately 1.08% of Issuer Direct at the end of the most recent quarter. 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.