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

StockNews.com started coverage on shares of Issuer Direct (NYSE:ISDR) in a research note released on Tuesday. The firm issued a hold rating on the stock.

Issuer Direct Price Performance

Shares of Issuer Direct stock opened at $8.89 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $9.43 and its two-hundred day moving average price is $9.72. Issuer Direct has a 52 week low of $7.61 and a 52 week high of $16.92. The stock has a market cap of $34.05 million, a PE ratio of -25.40 and a beta of 0.77.

Institutional Trading of Issuer Direct

An institutional investor recently bought a new position in Issuer Direct stock. Garden State Investment Advisory Services LLC acquired a new position in shares of Issuer Direct Co. (NYSE:ISDR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 quarter. 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.