Issuer Direct (NYSE:ISDR) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Issuer Direct (NYSE:ISDR) in a research report report published on Friday. The brokerage issued a hold rating on the stock.

Issuer Direct Stock Performance

The stock’s 50-day moving average price is $9.36 and its two-hundred day moving average price is $9.78. Issuer Direct has a 1 year low of $7.61 and a 1 year high of $16.92. The company has a market capitalization of $35.35 million, a price-to-earnings ratio of 20.49 and a beta of 0.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.80 and a quick ratio of 0.80.

Hedge Funds Weigh In On Issuer Direct

A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. increased its holdings in shares of Issuer Direct Co. (NYSE:ISDR) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,805 shares of the company’s stock after acquiring an additional 16,620 shares during the quarter. Bard Associates Inc. owned about 3.49% of Issuer Direct worth $1,599,000 as of its most recent SEC filing. 50.02% of the stock is owned by hedge funds and other institutional investors.

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.