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

Equities research analysts at StockNews.com started 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 Price Performance

The firm’s 50 day moving average is $9.36 and its 200 day moving average is $9.78. Issuer Direct has a 52 week low of $7.61 and a 52 week high of $16.92. 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 company has a market capitalization of $35.35 million, a PE ratio of 20.49 and a beta of 0.77.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Issuer Direct stock. Garden State Investment Advisory Services LLC purchased a new stake in Issuer Direct Co. (NYSE:ISDR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent SEC filing. 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.