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

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

Issuer Direct Stock Performance

NYSE:ISDR opened at $9.13 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $35.00 million, a price-to-earnings ratio of -26.09 and a beta of 0.74. The firm’s fifty day moving average price is $9.65 and its 200 day moving average price is $9.68. Issuer Direct has a 1-year low of $7.61 and a 1-year high of $17.34.

Hedge Funds Weigh In On Issuer Direct

An institutional investor recently bought a new position in Issuer Direct stock. Garden State Investment Advisory Services LLC purchased a new stake in Issuer Direct Co. (NYSE:ISDR) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 41,200 shares of the company’s stock, valued at approximately $492,000. Garden State Investment Advisory Services LLC owned approximately 1.07% of Issuer Direct as of its most recent SEC filing. Hedge funds and other institutional investors 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.