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

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

Issuer Direct Stock Performance

Shares of ISDR opened at $9.79 on Friday. The stock has a market capitalization of $37.53 million, a PE ratio of -27.97 and a beta of 0.74. The business’s fifty day moving average price is $10.08 and its 200 day moving average price is $9.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.80 and a quick ratio of 0.80. Issuer Direct has a 12-month low of $7.61 and a 12-month high of $19.03.

Institutional Trading of Issuer Direct

An institutional investor recently bought a new position in Issuer Direct stock. Garden State Investment Advisory Services LLC bought a new position in Issuer Direct Co. (NYSE:ISDR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned 1.07% of Issuer Direct at the end of the most recent reporting period. 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.