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

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

Issuer Direct Trading Down 1.0 %

Shares of NYSE:ISDR opened at $9.71 on Thursday. The stock has a market capitalization of $37.17 million, a price-to-earnings ratio of -27.73 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. The stock’s 50-day simple moving average is $10.26 and its two-hundred day simple moving average is $9.71. Issuer Direct has a 52-week low of $7.61 and a 52-week high of $19.03.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. boosted its position in Issuer Direct Co. (NYSE:ISDR) by 14.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,805 shares of the company’s stock after purchasing an additional 16,620 shares during the period. Bard Associates Inc. owned about 3.49% of Issuer Direct worth $1,599,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 50.02% of the company’s stock.

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.